https://mongolia.somo.nl/wp-content/uploads/2019/10/RS846_euro-870756-lpr.jpg 1000 1500 Rene https://mongolia.somo.nl/wp-content/uploads/2020/02/Mongolia-black.png Rene2009-08-01 00:00:582020-02-12 13:20:21Windfall Profits Tax on copper and gold is repealed
Windfall Profits Tax on copper and gold is repealed
Ivanhoe and Rio Tinto successfully negotiate that the Mongolian Parliament repeals the Windfall Profits Tax of 68%, so the Oyu Tolgoi project can proceed. Along with it, the corporate income tax was eased as well, for losses to be carried forward for 8 years (up from two).
 https://www.reuters.com/article/mongolia-ivanhoe-tax-idUSPEK9463520090825, https://www.marketwatch.com/story/mongolia-clears-way-for-oyu-tolgoi-mine-2009-08-26, accessed 7 July 2017.