UB “city tax”

2016 оны 4 сарын 11

Five months have passed since the “city tax” was launched. The tax is levied on the sales of alcoholic drinks and cigarettes and services of bars, restaurants and hotels within Ulaanbaatar.

A total of 5406 legal entities have been registered for paying the tax. Since October 2015, when the city tax was introduced, they have generated MNT 1 billion 58 million. The tax authority had expected MNT 1 billion from city tax, before the end of 2015; a total of MNT 481 million, however, was transferred.

The expectation for the first quarter of 2016 was MNT 577 million; to date only 18% has been generated.

 

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