MONGOLIA-VATIM

Mongolia VATIM e-Receipt lottery incentive 2015+.

Definition

Mongolia innovative VATIM framework: (1) e-Receipt Registration: consumers scan B2C receipts via VATIM mobile app, lottery participation prizes random monthly draw (popular incentive), 20% tax credit on paid VAT amount at year-end. (2) B2B e-Invoice mandatory phased 2018-2022 large enterprises first, Mongolia-customised XML format. (3) Monthly VAT e-Filing via VATIM portal (https://vat.mta.mn/). Mongolia VAT 10% standard unique rate. Unique lottery approach worked very well for receipts compliance (~80% consumer participation), significantly reduce informal economy. ~50000 VAT-registered enterprises.

Origin

Mongolia VAT Law 2015 VATIM introduction ; lottery incentive launched 2016 ; B2B e-Invoice phased 2018-2022 ; VATIM ~80% consumer adoption.

Example in context

Tavan Bogd Group (Mongolia conglomerate, Toyota automotive dealer + retail) issues e-Receipts to B2C customers via VATIM ; customers scan via mobile app for lottery ; issues e-Invoices to B2B fleet customers via XML Mongolia ; local ERP integration.

Related terms

• Korea NTS Cash Receipt — consumer incentive model.