THE BCM SUBMITTED POLICY PAPER

THE BCM SUBMITTED POLICY PAPER  (13 October 2022)

ULAANBAATAR, Mongolia – The Business Council of Mongolia (BCM) has submitted joint request to Government of Mongolia on issues and concerns with Corporate Income Tax Law. 13 October 2022.

BCM Secretariat has submitted summary of issues and proposed solutions on newly adopted Corporate Income Tax law drafted by the Chair and Vice-Chairs of the Tax & Regulatory Working group /lead by Ms. Kh.Amarjargal, Country Director Mongolia-Rio Tinto, Mr.B.Battushig - Founding Partner of DB&GTS LLP and Mr.R.Khishignemekh -Senior Partner of Ernest and Young TMZ/.

The 42 pages of findings and recommendations was submitted to the Cabinet Secretariat of the Government of Mongolia, to the Minister of Finance, to the Minister of Mining and Heavy Industry; to Secretariat of the State Great Khural (Parliament);  Standing Committee on the Economic Affairs; Ministry of Justice and Internal Affairs; Standing Committee on the Budget; Economy and Development Ministry. In collaboration with Mongolian National Chamber of Commerce and Industry, American Chamber of Commerce in Mongolia, Ulaanbaatar Chamber of Commerce and Mongolian National Association.                                        

BCM would like to thank Mongolian National Chamber of Commerce and Industry, American Chamber of Commerce in Mongolia, Ulaanbaatar Chamber of Commerce and Mongolian National Mining Association and BCM Regulatory&Tax Working group for their efforts to protect legal interests and rights of business entities in Mongolia.