Mongolia Sets Same Rules for Foreign Private Investors
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Mongolia’s parliament approved a law on investment that ends the application of different rules for domestic and foreign private investors and sets stable tax periods, overturning two earlier laws.
The Great Hural voted today to pass the new Investment Law, which takes effect from Nov. 1, according to Sereeter Javkhlanbaatar, director of foreign investment at the ministry of economic development. It voids the Strategic Entities Foreign Investment Law, or SEFIL, passed in 2012.