Entities investing in Ulaanbaatar to receive tax relief

The Cabinet of Mongolia held an irregular session on December 30, 2024. In connection with the approval of a general regulation aimed at reducing air pollution in Ulaanbaatar, relevant officials were instructed to take appropriate measures, Montsame reports. 

The regulation stipulates that tax relief will be given to tax-paying entities that have invested in the capital city and provided financial support and donations. These include investments and financial support or donations for:

-Decentralizing Ulaanbaatar and reducing air pollution,

-Increasing environmentally friendly heat and electricity sources,

-Constructing energy-efficient and green residential towns with independent engineering solutions, which meet passive building standards and green financing requirements,

-Expanding the road network,

-Freeing up land lots based on essential social needs,

-Constructing public roads, squares, and parks,

-Supporting the development of public transport.

The general criteria for construction, projects, and activities eligible for tax relief have been developed based on a model recommended by the Ministry of Finance of Mongolia.

Earlier it was reported that TJTB LLC, a company listed on the Mongolian Stock Exchange, introduced the “Green Recycle” Green Bond for public offering.