Mongolian government to fight against illegal acts related to land licenses
Prime Minister U.Khurelsukh stated that Government will fight vigorously against illegal trading of land ownership and mining licenses, during discussion of 2018 State Budget Bill.
Prime Minister U.Khurelsukh stated that the Government will fight vigorously against the illegal trading of land ownership and mining licenses, during his speech in a discussion of 2018 State Budget Bill. The Government will stop improper practices, including issuance of mining and exploration license or land ownership certificate directly by the name ‘according to application’, issuance of hundreds of licenses to few people or company or if they sell the licenses under the name granting or transferring to avoid tax payment. The Government intends to submit a new law, which legislates to issue licenses for land use and ownership, mining and exploration through open bid and auction and MNT36 billion is estimated to be accumulated to the State Budget by realization of the law. According to the Prime Minister, tax will be imposed on indirect transfer of special licenses and ownership rights, registering basic beneficiary of the special license and final users as well as direct and indirect transfers. The Government expects that hidden and illegal acts related to special licenses will be eliminated as special license will be cancelled, if license holder fails to present tax report or hide necessary information.
Views: 1311
Tweet