Tax exemption for Amgalan power plant approved at parliament

Ulaanbaatar /MONTSAME/ A parliamentary session meeting on Friday backed draft laws on customs exemption and on value-added tax (VAT) exemption. The approval of these laws means there will be VAT and customs exemptions in equipment purchases for the Amgalan power plant project in eastern Ulaanbaatar. The laws will be effective since the day they are approved. After passing the laws on tax exemptions, the meeting is discussing amendments to the Minerals law, where MPs are asking questions to the Mining Minister who has developed the draft bill to amend the Minerals law.