Amendments to customs tax and VAT exemptions approved by Parliament

The American Chamber of Commerce in Mongolia

2018-05-11 13:55 GMT+8

During Parliament’s regular session on May 10, a final review of amendments to the Value-Added Tax Law was conducted and approved with a majority vote from Parliament members in attendance.

According to the amendments, all imported wood construction materials except oriented strand board (OSB), standardized pre-fabricated wood building structures, and logs will be exempt from customs duty.

Other imported wood products, except those related to forestry and horticulture, will be exempt from value-added tax until 2022. 

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