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About: Windfall tax (Mongolia)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tax113308999, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatWindfallTaxesyago:Abstraction100002137yago:Charge113400798yago:Levy113308864yago:Liabilities113396054yago:Possession100032613yago:Relation100031921yago:Tax113308999 New Facet based on Instances of this Class

The Windfall tax or windfall profits tax in Mongolia was a taxation on the profits made by mining companies operating in Mongolia. It was implemented in 2006 and was the highest windfall profits tax in the world. It was a tax on unsmelted copper and gold concentrate that was produced in Mongolia. The tax was repealed in 2009 and phased out over two years. Repealing the 68% tax law was considered essential to enable foreign mining companies to invest in mineral resources development of Mongolia.