99.99 percent of all tax-paying entities exempt from social insurance contribution
Ulaanbaatar /MONTSAME/. On April 17, Friday, the press office of the cabinet secretariat issued a press release on the government’s new regulations to implement the measures aimed at easing the economic impact of the COVID-19 pandemic, in which instituted a six-month exemption of monthly social insurance contributions paid by employees and employers, who retain their employees on payrolls despite revenue drops. It was reported that the decision applies to around 45,000 entities.
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