Third Session of the Economic Development Council of Mongolia Convenes

Ulaanbaatar, March 24, 2025 /MONTSAME/. The third session of the Economic Development Council under the Prime Minister of Mongolia took place on March 24, 2025.

The Cabinet plans to submit a draft Law on Amendments to the Law on Tax and Social Insurance of Mongolia, based on the proposals of citizens and enterprises, to the State Great Khural (Parliament) of Mongolia. The amendments aim at creating a business-friendly tax environment that is fair and just, fairly supporting enterprises and good taxpayers, creating jobs, and reducing tax spending. With the amendments to the laws, the Government aims at creating a business-friendly and job-creating as well as a fair and just tax environment, supporting honest and good taxpayers, and reducing tax costs.  Therefore, it is important to consider the presentations on reforming the tax and social insurance laws and the opinions of Council members and reflect them in the draft Law on Amendments to the Law on Tax and Social Insurance, emphasized Prime Minister Oyun-Erdene Luvsannamsrai.

The newly established Council is composed of 41 representatives from scientific organizations, universities, professional associations, and management and investors of Mongolia's leading companies.