LAW OF MONGOLIA

                                       June 2, 1995,                                                                                                                                                                           Ulaanbaatar city                                                                                                                                                                                                                                                                                                                                               

LAW ON TAXATION OF AUTO PETROL AND DIESEL FUEL

Article 1. Purpose of the law

The purpose of this law is to regulate the taxation of gasoline and diesel fuel and the payment of this tax to the budget.

Article 2. Legislation on tax on gasoline and diesel fuel

Legislation on the tax on gasoline and diesel fuel (hereinafter referred to as "tax" in this law) shall consist of the General Tax Law, this law and other legislative acts enacted in conformity with them.

Article 3. Taxpayer

Business entities and organizations belonging to all types of property that produce and import gasoline and diesel fuel in the territory of Mongolia, as well as Mongolian citizens, foreign citizens and stateless persons (hereinafter referred to as "citizens") shall be taxpayers.

/ This part was amended according to the law dated November 9, 2001 /

Article 4. Taxable gasoline and diesel fuel

The following gasoline and diesel fuels are taxed:

1 / all types of gasoline;

2 / all types of diesel fuel

Article 5. Tax calculation indicators

Tax calculation index shall be determined by the physical volume of imported gasoline and diesel fuel specified in Article 4 of this Law.
Article 6. The amount of tax

The tax shall be imposed at the following rates per ton of tax calculation index specified in Article 5 of this Law:

CHAIRMAN OF THE PARLIAMENT OF MONGOLIA N. BAGABANDI

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