PRESIDENT VETOES PACKAGE LAW ON TAXATION
On May 14, President of Mongolia Khaltmaagiin Battulga put a veto on the General Taxation Law, the Law on Corporate Income Tax, the Law on Personal Income Tax and the accompanying laws that were adopted.
In this regard, an official letter was forwarded to Chairman of the State Great Khural G.Zandanshatar.
The official letter says:
“I have gained familiarity with the General Taxation Law, the Law on Corporate Income Tax, the Law on Personal Income Tax, and the accompanying laws that were adopted by the Parliament on March 22, 2019, and forwarded to the Office of the President on May 8, 2019.
…With due consideration of the characteristic of a package law stated in Article 26 of the Law on Legislation and in accordance with Clause 1 of Section 1 of Article 33 of the Constitution of Mongolia and Section 8 of Article 12 of the Law on the President of Mongolia, I am putting a veto on the General Taxation Law, the Law on Corporate Income Tax, the Law on Personal Income Tax, and the accompanying laws that were adopted.
I request you to consider and resolve the veto in compliance with the law.”