Revised Law on Value Added Tax will be effective starting next week.
According to the law;
- Tax payers should register their payment information in user system at every payment
- Payment receipt of products and services should be provided to tax payers
- Payment receipt registered in user system should be submitted to the sales integrated system within three days
Therefore, simplified program to print payment receipt was developed for specifics of each products, works and services. Entities must install the program at their cash register machine. Moreover, entities are enabled to use the appropriate version for themselves at ebarimt.mn
Law on Value Added Tax to be followed starting Jan 1st, 2016. Thus, citizens must get used to take payment receipt of every purchase, warned by the General Department of Taxation. Because the receipts will be the guarantee to win a prize from lottery to be conducted every month. The first lottery will be held in February based on the receipts to be collected in January. More citizens do sales and register their sales at ebarimt.mn, the more opportunity to win a prize at lottery will be increased.
Therefore, you must get receipt verified by tax integrated system and with the number of lottery from every sales from Jan 01. If the entity you get service does not provide the payment receipt, you can report at 1800-1288. Entities not providing receipt will be fined 2% of the revenues from sales, repeated violations will be fined adding two times.
Revised Law on Value Added Tax will be effective starting next week.
According to the law;
- Tax payers should register their payment information in user system at every payment
- Payment receipt of products and services should be provided to tax payers
- Payment receipt registered in user system should be submitted to the sales integrated system within three days
Therefore, simplified program to print payment receipt was developed for specifics of each products, works and services. Entities must install the program at their cash register machine. Moreover, entities are enabled to use the appropriate version for themselves at ebarimt.mn
Law on Value Added Tax to be followed starting Jan 1st, 2016. Thus, citizens must get used to take payment receipt of every purchase, warned by the General Department of Taxation. Because the receipts will be the guarantee to win a prize from lottery to be conducted every month. The first lottery will be held in February based on the receipts to be collected in January. More citizens do sales and register their sales at ebarimt.mn, the more opportunity to win a prize at lottery will be increased.
Therefore, you must get receipt verified by tax integrated system and with the number of lottery from every sales from Jan 01. If the entity you get service does not provide the payment receipt, you can report at 1800-1288. Entities not providing receipt will be fined 2% of the revenues from sales, repeated violations will be fined adding two times.