Investment law adopted

Ulaanbaatar /MONTSAME/ At its plenary meeting on Wednesday, the parliamentary autumn session passed a bill on investments and on other related draft laws. It took 83% votes of the MPs. By the investments law, an entity that makes investment of above MNT 15 billion will be given a guarantee that the four taxes are to be stable. For instance, id a size of investment goes up, the term of guarantee for the tax stabilization shall increase. An entity which makes an investment of MNT 300-500 billion for erecting a factory near regions of Ulaanbaatar, it will be provided with a guarantee of stable tax for a decade. An investment with the same size in the western region will have the stable tax guarantee for 13 years, and the investment in the central region -- for 11 years. The regions are divided into five sections.