Mongolia: Parliament approves changes to corporate and personal income tax laws

06 May, 2024

Mongolia’s parliament has approved new changes to corporate income tax laws and personal income tax laws. It also introduced a capital gains tax on stock and securities transactions. The laws will go into effect starting 1 July

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Mongolia proposes to tax credit for electric power production

09 June, 2023

On 1 June 2023, the Mongolian government submitted a proposal to Parliament to amend the CIT law, providing a tax credit for thermal and electric power production sector. According to the proposal, companies engaged in manufacturing primary and

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Mongolia signs MLI to implement tax treaty related BEPS measures

12 October, 2022

On 6 October 2022, Mongolia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, at a signing ceremony held in Paris at the 14th meeting of the Inclusive Framework on BEPS. Mongolia

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OECD: Strengthening Transfer Pricing Capacity in Mongolia

11 April, 2022

On 8 April 2022 the OECD published a tax and development case study entitled Tackling Multinational Tax Avoidance in Mongolia. In 2019 the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF)

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OECD: Mongolian Tax Administration issues first transfer pricing tax assessment

21 March, 2021

The OECD reported on 18 March 2021 that following the implementation of initiatives in mining tax audit capacity building the Mongolian Tax Administration issued its first assessment related to transfer pricing in late 2020. The Mongolian Tax

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Mongolia: Parliament approves State Budget Law for 2021

23 December, 2020

The State Budget Bill for the fiscal year of 2021 was adopted at the State Great Khural’s plenary session of 13 November 2020 along with its appropriation bills. On 25 November 2020, the President of Mongolia, Battulga, refused 2021 State Budget

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