Democratic Party (DP) and Mongolian People's Party (MPP) members in the parliament hold a weekly meeting in the State Palace every Monday.
Head of DP caucus D.Erdenebat informed about last meeting discussions today. He stated "As the opposition in the parliament, 2018 will be a very responsible year for us. We will require action plan implementation from MPP caucus every month. Moreover, we demand the ruling party to reconsider tax increases."
This year, below taxes are increased:
- Land sale tax
- Mineral license sale tax
- Personal income tax
- Excise tax on alcoholic beverages, cigarettes, and fuel
Besides, social security fee increased from 10 to 11 percent for all employers this year.
DP caucus emphasized that increasing the Personal income tax to 15 percent and higher for individuals with monthly income of 1.5-2.5 million tugriks will push the average class of the society into poverty.
Also, they urge that excise tax on fuel may result in the increased price of consumer goods and inflation rate.
Democratic Party (DP) and Mongolian People's Party (MPP) members in the parliament hold a weekly meeting in the State Palace every Monday.
Head of DP caucus D.Erdenebat informed about last meeting discussions today. He stated "As the opposition in the parliament, 2018 will be a very responsible year for us. We will require action plan implementation from MPP caucus every month. Moreover, we demand the ruling party to reconsider tax increases."
This year, below taxes are increased:
- Land sale tax
- Mineral license sale tax
- Personal income tax
- Excise tax on alcoholic beverages, cigarettes, and fuel
Besides, social security fee increased from 10 to 11 percent for all employers this year.
DP caucus emphasized that increasing the Personal income tax to 15 percent and higher for individuals with monthly income of 1.5-2.5 million tugriks will push the average class of the society into poverty.
Also, they urge that excise tax on fuel may result in the increased price of consumer goods and inflation rate.