The Personal Income Tax Law of Mongolia (the Personal Tax Law) regulates…
Personal Income Tax
Mining Royalties
Under the Mongolian Mineral Law, royalties are payable on the sale of…
General Tax Law
Overview The purpose of the Mongolian General Tax Law (the Tax Law)…
Regulatory Environment
Competition law Mongolian Competition Law is upheld by the Fair Competition and…
Auditing
The 2015 Auditing Law that was put in effect from 1 January…
Financial Reporting
Since Mongolia has transitioned into democracy, there was a lot to catch…
Customs Duty
Imports The Mongolian Tax Authorities is liable for enforcing the laws and…
Excise Taxes
Following good, products, and services are imposed of excise taxes in Mongolia:…
Immovable Property Tax
Land and other immovable property are levied with immovable property tax with…
VAT
Overview A VAT withholding agent may be a foreign legal entity, individual,…
