The deadline of the “Economic Transparency law” is the 31st December 2015. Not surprisingly, there has been an increase in pressure on the taxation, social insurance and state registration offices.
According to a report by the director of the General Department of Taxation: “On 7th December, the prediction for the amount to be declared was estimated MNT 3.5 trillion; as of 15thDecember - MNT 5 trillion. So far a total of 5789 people have submitted their reports”.
The Director of the Mongolian Chamber of Trade and Industry also noted: “The working processes of the social insurance agencies are often conducted manually. In addition, it can take five days to solve the issues of three people. Therefore, the deadline for the “Economic Transparency Law” needs to be extended”.