Mongolia moots low-tax IT zone as it pushes to be tech innovation space

WASHINGTON – Mongolia’s authorities is engaged on a legislation that can enable international residents to register tech firms and qualify for tax exemptions or reductions within the nation described by its prime IT official as an under-recognised “hidden gem” of Asia.

The draft legislation will likely be submitted to Parliament subsequent month and will take impact round September, Ms Bolor-Erdene Battsengel, the top of Mongolia’s Communication and Information Tech Authority, informed The Straits Instances on April 2.