PREMIER: SMALL AND MIDDLE BUSINESSES WILL BE PROVIDED WITH PROPER TAX POLICY

Ulaanbaatar, Mongolia /MONTSAME/ The Premier S.Batbold has stressed that the government will create a system when the rich pay high taxes and the low or middle-income ones--less. It was said on Wednesday at opening ceremony of the Year of Supporting Family Development, in the Government House. He added that those families doing a real business will be provided with a tax policy. “It will help to set the justice in realistic way, not in empty words. We intend to create new policy that allows people and small- and middle-sized businessmen go out from a difficult situation when there is no pledge to be held as security for taking loans, and that reduces the loans interest tax when the money is obtained. The government will able to create a legal environment and to implement projects and programs giving the business people a financial freedom” the Premier underlined. “Policy will also be realized to bring the livelihood of low-income people into a middle level and to encourage those families who are strive to live better. All this must be launched before the election,” S.Batbold stressed. B.Khuder