Legal entities to register for VAT refund program

2016 оны 1 сарын 4

We have asked S.Orkhon, who is director at the Service Planning Authority at the General Taxation Office about the new VAT refund program.

S Orkhon noted: The “Law on Value Added Tax”, which was approved by Parliament on 9th July, came into force on 1st January 2016. First of all, citizens must be registered at www.ebarimt.mn. All the necessary information on how the law is to be implemented is provided on this website.

There are currently 30,000 VAT paying entities in Mongolia, of which only 3500 are connected to the VAT Refund Program. The remainder must also register with the program. Small shops at markets and trading centres are being requested to sign up before 15th January. These entities will also benefit from a lottery which will be held 2-3 times a month. People can participate in the lottery three times with one receipt.

 

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