Two draft amendment laws, presented by the Government, are adopted

Aug 25 • Government, Laws • 40 Views • 4 Comments

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Two draft amendment laws, presented by the Government, are adopted. The special session of SGK continues. Today, SGK made the first discussion on abolishing windfall tax starting from 2011. The issue is returned to the Standing Committees to prepare it for the final discussion, reflecting the remarks and comments of MPs.

Also, with purpose of forming legal environment for OT investment agreement, the amendment in income tax law and amendment in Law on Roads, presented by the Government, are adopted by the first dicsussion of the State Great Khural.
Right now, the first discussion of the amendment law on Water is being discussed by the State Great Khural session.

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4 Responses to Two draft amendment laws, presented by the Government, are adopted

  1. eric says:

    Amarsanaa,

    Please confirm…

    Corporate tax law amendment approved by the Parliament
    Earlier this afternoon, the Parliament also approved the corporate tax amendment thus allowing businesses to carry losses for 8 years instead of 2. MonInfo reporter was not at the parliament during the voting and therefore was not aware of this and did not report it. Later,we learned about the approval from other reporters.

    MonInfo News Service

    Breaking news:legal amendments on water law is approved
    Mongolian Parliament just passed legal revision on law of water by vote of 50/5. Total of 55 lawmakers were during the discussion.

    Reported by Ganbat, reporter of MonInfo News Service

    Breaking news: the windfall tax is annuled
    State Great Khural or Mongolian Parliament just annuled the windfall profits tax by 42/8 vote. Total of 50 lawmakers were present during the final hearing of the draft law.

    Reported by Ganbat, Reporter of MonInfo News Services

  2. investor says:

    It looks like the last two just passed. Can you confirm this? It’s pretty much a done deal?

  3. Guest says:

    All four passed congratulations

  4. Badrakh says:

    Congratulations for everyone!

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