WORKING GROUP FOR ASSESMENT OF OT AGREEMENT MEETS

Ulaanbaatar /MONTSAME/ The head of the working group for assessing the observance of duties by Oyu Tolgoi LLC before the Government of Mongolia, S.Ganbaatar MP called a meeting on October 15. Present at the meeting were also the members of a working group for investigating the over-consumption of investments by Oyu Tolgoi LLC. The group was established in accordance with the joint resolution (March 25 of 2013) by the Deputy Minister, the Minister of Mining and the Minister of Finance. The working group for assessment includes officials from Ministries of Mining and Finance, from General Customs Office, General Department of Taxation, Commission for Settlement of Disputes, Department for Specialized Inspection, National Audit Office and “Erdenes Oyu Tolgoi” state-owned company. During the meeting, S.Ganbaatar MP requested the members to present of R&E results on Oyu Tolgoi LLC and a status report on acts by audit and tax officers regarding the company, and reports on shareholders' loans. Answers were given by B.Battsetseg, a department head of the Ministry of Finance, A.Enkhbold, the vice-chairman of the General Department of Taxation, B.Badral, a head of department for tax administration and cooperation of the Department, and other tax officers.