On June 17th, 2022, the Great Khural of Mongolia officially approved the "Law on permits" ("the PL") and it has been enacted and became effective as of January 1st, 2023.
The following is a summary of amendments to the Law of Mongolia on Permits (2022) dated January 6, 2023, including newly added, amended, and deleted clauses.
New Provisions
1) Changes have been made to the list of permit
2) Grounds for the revocation of permits have been added
If the state stamp duty has not been paid within the period specified in Article 42.6 of the Law of Mongolia on State Stamp Duties, the permit shall be revoked.