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The Windfall tax or windfall profits tax in Mongolia was a taxation on the profits made by mining companies operating in Mongolia. It was implemented in 2006 and was the highest windfall profits tax in the world. It was a tax on unsmelted copper and gold concentrate that was produced in Mongolia. The tax was repealed in 2009 and phased out over ...
t. e. The Government of Mongolia (Mongolian: Монгол Улсын Засгийн газар, Mongol Ulsyn Zasgiin gazar) is the highest executive body and national cabinet of Mongolia. It conisist Prime minister and other members. The Prime minister is designated by the State Great Khural, and the remaining members are appointed and ...
Extend Fund Facility in 2017. In 2017, Mongolia, with a current quota of $72.3 million, requested a three-year extended arrangement under the IMF’s Extended Fund Facility (EFF), with access equivalent to $434.3 million (435 percent of quota). After almost two decades, the Mongolian economy still struggles with structural problems.
Mongolia's nomadic past and unique living habits has elevated the importance of customs as a source of law. Throughout generations, customs that complement existing legal norms have prevailed. However, as there is lack of substantial evidence in literature, it is uncertain if Mongolian courts will recognize customs in the absence of legislation ...
At ages 25 and 45 [1] Cost. 18,300₮. The Citizen Identity Card of Mongolia (Mongolian: Монгол Улсын Иргэний үнэмлэх) is a compulsory identification document issued to Mongolian citizens over the age of 16. The card's usage is regulated by the General Law on State Registration [2] and the Law on Civil State Registration.
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MNT 22.2 billion (about US$7.8 million) (2020) [2] Minister responsible. Javkhlan Bold. Child agencies. Customs General Administration of Mongolia. General Department of Taxation. Website. mof.gov.mn. The Ministry of Finance of Mongolia (MOF; Mongolian: Монгол Улсын Сангийн яам) is responsible for managing the public ...
The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product (GDP), disappeared almost overnight in 1990 ...