Since Mongolia has transitioned into democracy, there was a lot to catch…
Financial Reporting
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,…
Tax incentives
A small number of tax incentives are available for companies operating in…
Double tax agreements
Double taxation agreements (DTAs) of various jurisdictions are recognized in Mongolia, including…
Transfer pricing
When affiliated parties make transactions, fair value must be set for tax…
Overview of Mongolian Economy
Mongolia’s economy has historically revolved around herding and agriculture. With Soviet assistance,…
History
The Hunnu State was also the first state which was formed among…
