Mongolia proposes to tax credit for electric power production

According to an update from the OECD, Indonesia deposited, on 12 January 2026, an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related

The FTA will be valid for three years, with a mutual option to extend for another three years. The Eurasian Economic Union (EAEU), comprising Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, signed a temporary free trade agreement (FTA)

Mongolia joined the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Reports (2016) (CbC MCAA) on 6 March 2025. The Country-by-Country Multilateral Competent Authority Agreement (CbC MCAA) is grounded in

Mongolia’s Deputy Speaker B. Purevdorj and MPs Ch. Lodoisambuu, A. Undraa, and G. Uyankhishig proposed a bill on 13 January 2025 to reduce the VAT rate to 5%. This bill was first submitted in 2019 but was returned as it was not reviewed. The

Mongolia’s government is drafting a new VAT Bill for 2025, which was submitted to the parliament. The new VAT bill proposes a simplified VAT system, higher registration thresholds, and faster input VAT recovery. The government has also launched

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