Lawmakers submitted a draft of the "Law on Amendments to the Law on Value Added Tax" to the Speaker of Parliament on June 19, 2025. In light of the heavy tax burdens, loans, and rents that businesses are currently facing, corporate income tax, value-added tax (VAT), and social insurance contributions have been causing significant difficulties. Accordingly, a bill was initiated and drafted to propose an increase in the VAT rate to 5 percent.

Please click HERE to view the draft law. (Mongolian)