Mongolia’s 2025 VAT Bill aims to simplify the system with higher registration thresholds (MNT 400M), faster input recovery, and fewer exemptions (16 clauses). It introduces consumer VAT relief and extends remittance deadlines, but leaves reverse-charge VAT application unclear. Public consultation is open until April 12, 2025.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
