At its regular meeting held on Saturday, the cabinet of ministers approved an altered list of facilities and equipment that will be freed from the customs tax and Value added tax.
It applies to small- and middle-sized enterprises. This list is approved after the State Great Khural (parliament) had passed the relevant law this June 6.
In accordance with the law on small and medium sized enterprises, the industries for tobacco, alcoholic beverages, gambling, lottery, banking and non-banking business, insurance services, mineral exploration and exploitation are not considered as the SME, therefore their facilities and tools are not included in the list. It involves the facilities and equipment to be utilized by national productions only.