Parliament considers tax discount for small businesses

Amendments before Parliament would reduce taxes for small businesses by 90 percent. The legislation, which was read before the legislature on 27 October, would make companies that work in business related to food, textiles, construction and animal husbandry that earn less than MNT1.5 billion eligible for the tax cut. The tax reduction would run for four years from 1 January 2017.

Source: Business Council of Mongolia (BCM)