Mongolia's parliament has reportedly given final approval to the State Budget Law for 2021, overriding a presidential veto on 25 November. Tax measures of the law include:
- A VAT and customs duty exemption for the import of all types of rice and vegetable effective from 4 December 2020 to 1 July 2021;
- The application of a reduced social and health insurance contribution rate of 10.5% for employers and employees from 1 January to 30 June 2021; and
- The introduction of a livestock tax with effec…