Cabinet Reviews Small Business Taxes and State Grants for Women, Children, and Herders

Cabinet held a meeting on Monday, and its ministers decided not to withdraw a draft of amendments to the taxation of small enterprises engaged in food, textiles, construction, and agriculture with annual revenue under 1.5 billion MNT, requiring them to pay only one percent in revenue tax.

Cabinet believes that its small business tax proposal will be important to promoting small business and to help create jobs. If approved, the amendments will be enacted on January 1, 2017.

The ministers discussed a proposal to grant quarterly grants to widowed mothers with three or more children, an annual grant to the mothers of twins up to 4 years old, and grants to mothers...