Hidden MNT 20 trillion – “found”

2016 оны 2 сарын 23

The “Economic Transparency Law” was in force until 20th February. This provided a grace period for people to declare their hitherto undeclared income without fear of penalties. Officials are saying that as a result of ths this law, MNT 20 trillion were been declared – a remarkable figure which is equal to 90% of Mongolian GDP! It should be noted that 40,000 civil servants were not involved in the “Economic Transparency Law”. Therefore, the Chamber of Commerce and Industry is proposing a deal with the Government, to involve these 40,000 civil staff, and thereby generate additional revenue.

 

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