According to an OECD update, Mongolia signed the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (CRS-MCAA) on 6 March 2025. Mongolia plans to automatically exchange financial account information under the Common Reporting Standard (CRS) by September 2027.
The signing of the CRS Multilateral Competent Authority Agreement (CRS MCAA) in October 2014 operationalises the automatic exchange of information under the CRS on the basis of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Currently, over 60 jurisdictions have signed the CRS MCAA.