Daily Business News Mongolia

The Government of Mongolia inserted the revoke of tax on gas and fuel. The tax was canceled, because of the increase of crude oil price in the world market. The Government of Mongolia presented the draft amendment law Special Tax Law, increasing Special Tax rate twofold,  and the draft law on budget modification to the State Great Khural, in order to decrease the air pollution, traffic in the city and increase the budget income. Tax on gas and fuel will be imposed on starting from October 15 2008, due to the decrease of crude oil in the world market.

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