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Doubling of tax on used cars being considered by lawmakers |
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Tuesday, 14 October 2008 |
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Parliament is mulling a proposal
to double the tax on imported used cars.
The move is seen as aimed at
reducing the burden on the nation’s roads.
The tax paid on imported used
cars is presently $1,000 and up, depending on the age of the car and
the size of its motor. The proposed increase would see drivers paying
$2,000 for a small, used foreign car.
During the first half of 2008,
Mongolia imported over 14,000 Japanese used cars. Other countries Mongolia
receives used cars from include Russia, Chile, the United Arabian Emirates,
and New Zealand.
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