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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 The tax was repealed in 2009 and phased out over ...
In the time of the Mongols, the lands belonging to the khan and his family were called inju, and the lands belonging to the state were called divan. The pasture tax levied on nomadic herdsmen was called gopchur. Tamgha ("Tamga," or "tamag," literally means a stamp or seal in Mongolian tax was levied on craftsmen and merchants.
In 2006 Mongolia implemented a 68% windfall tax, which was the world's highest. The tax was based on profits made by mining companies on copper and gold sales above $2,600 per ton and $850 per ounce respectively. The tax was repealed in 2009 and phased out over the next two years. See also. Energy in Mongolia; References
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The Mongol Empire of the 13th and 14th centuries was the largest contiguous empire in history. Originating in present-day Mongolia in East Asia, the Mongol Empire at its height stretched from the Sea of Japan to parts of Eastern Europe, extending northward into parts of the Arctic; eastward and southward into parts of the Indian subcontinent, attempted invasions of Southeast Asia, and ...
Golomt Financial group (77.195) Swiss-MO Investment LTD (5.21%) Golomt Bank ( Mongolian: Голомт банк) is publicly traded financial services company based in Mongolia. As of 2023, the company employs 2300 workers, serving 1 million customers primarily in Mongolia. Golomt Bank is one of Mongolia's largest commercial banks after Khan ...
In 1940 some 34.6 percent of revenues came from the turnover tax (a value added tax on each transaction), 7.8 percent from deductions from profits, 16.7 percent from taxes on the population, and 40.9 percent from other kinds of income. In 1985 nearly 63 percent of revenues came from the turnover tax, 29.9 percent from deductions from profits, 3 ...
Luvsannamsrain Oyun-Erdene. Personal details. Born. ( 1983-06-10) 10 June 1983 (age 40) Alma mater. University of East Anglia. Harvard Business School. Chinbat Nomin (Mongolia: Чинбатын Номин; born 10 June 1983) is a Mongolian politician who has been the Mongolian Minister of Culture since January 29, 2021.