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Ch.Lodoisambuu: A bill will be submitted to exempt employers from VAT paid on behalf of employees www.gogo.mn
Ch.Lodoisambuu, Member of the Parliament, announced that he is working with B.Tuvshin, the Member of Parliament, to amend the Law on Social Insurance. The proposed changes include:
Stopping the collection of VAT on one-time work payments made under a separate employment contract with an organization.
Exempting employers from VAT paid on behalf of employees. Although contributions are made in the name of employees, they do not affect pensions.
Stopping VAT charges on discounts and incentives provided by employers to employees outside their salaries.
The bill is expected to:
Reduce the financial burden on individuals and businesses, encouraging economic activity.
Allow employers to allocate more funds to salary increases and job creation by lowering VAT obligations.
Prevent VAT related cost increases from being passed on to consumers, helping to stabilize prices.
Published Date:2025-04-07
