Archive for October, 2008

Excise Tax could Double in Mongolia

October 16, 2008

According to UB Post (Mongolian news agency), the Mongolian Parliament is looking to increase excise taxes on used cars to stem import levels.

Mongolia has been experiencing all time high car import levels these recent years. And as more young men and women come to driving age the expect a very large increase of drivers in the next 5 years. Unfortunately, the infrastructure in Mongolia is not prepared to handle the new massive load and Ulaanbaatar’s (the capitol) roads are already being pushed to their limits.

Mongolian car traders and exporters alike may want to complete deals before the proposal gets approved in Parliament and new import taxes rates are implemented (possibly).

Source- UB Post

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Exports and the Economies

October 14, 2008

Right now the world is experiencing ups and downs in its economy. Besides US, Japan also has been affected. What about your country?

Data has not been yet produced (we’ll have to wait about a month), but has it been affecting your sells/purchases? While nations connect more directly to Western nations haves seen some fall, the are also many nations that continue to experience growth. Please let us know how your nation is doing in the comments section below.