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Ministry of Finance of Mongolia; Монгол Улсын Сангийн яам: Agency overview; Formed: 29 December 1911 [1] Jurisdiction: Government of Mongolia: Headquarters: S.Danzan St, Government Building II, Block D, Ulaanbaatar, Mongolia: Employees: 167: Annual budget: MNT 22.2 billion (about US$7.8 million) (2020) [2] Minister responsible
It manages and enforces the reporting, payment, and receipt of taxes owed to the state, as well as some other fees. [1] As of 2017, the department administered more than 30 taxes totaling almost $21 billion per year. [2]
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In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...
This article originally appeared on GOBankingRates.com: I’m a Finance Expert: Why You Shouldn’t Use All of Your Stimulus Check To Pay Off Debt Show comments Advertisement
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The Department of Finance's responsibilities expanded further following the abolition of the state treasurer's office in 2003 by constitutional amendment. Throughout Minnesota's history as a U.S. territory and state, the elected state treasurer had always been responsible for managing and accounting for the state's cash flows, coordinating ...