Mongolia’s VAT lottery promotion is set to take place tomorrow, November 20, 2024, offering participants the chance to win exciting prizes. The lottery will feature receipts issued between October 1 and October 31. Winners will be announced live on the Education Channel and through the EBarimt application.
How the VAT Lottery Works
This initiative is part of Mongolia’s VAT refund system, aimed at promoting tax compliance and transparency. By collecting and submitting VAT receipts from eligible purchases, participants not only receive up to 20% of their VAT payments refunded but also gain entry into a monthly lottery.
Foreigners residing in Mongolia can also participate in the system, making it inclusive for all residents. The process is straightforward:
- Register: Sign up on the EBarimt website or app using a valid personal identification number.
- Upload Receipts: Collect receipts from VAT-registered vendors and input them digitally. Ensure all receipts are submitted before the designated deadline for eligibility.
- Claim Refunds and Enter the Lottery: VAT refunds are automatically calculated and periodically credited, while lottery entries are based on submitted receipts.
Prizes and Transparency
The EBarimt VAT lottery draws are conducted with fairness and transparency, showcasing the results live. This month’s draw promises another round of thrilling outcomes for active participants.
Importance of EBarimt
The EBarimt system, implemented in 2016, is more than a financial incentive—it encourages businesses to issue official receipts and fosters a culture of accountability. By ensuring that VAT is properly recorded and collected, it significantly boosts government revenue for public spending.
For consumers, it’s an excellent opportunity to save on purchases and win big. As one of the only systems of its kind accessible to locals and foreigners alike, it’s a standout feature of Mongolia’s tax framework.
Don’t miss your chance to win! Make sure your receipts are registered and tune in tomorrow to see the results.
