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Mongolia joins BEPS Inclusive Framework

The nation has taken its first step by deciding on 25 December 2017 to join the Inclusive Framework of the Base Erosion and Profit Shifting Project (BEPS Project) of the Organization for Economic Cooperation and Development (OECD).

Mongolia Tax Alert – 15 June 2017

The Mongolian Tax Authority (MTA) continues to focus on the area of transfer pricing enforcement and has adopted new rules on related party transaction disclosures and contemporaneous transfer pricing documentation requirements.

EY Accelerating Entrepreneurs program

EY Accelerating Entrepreneurs program helps fast-growth entrepreneurs to scale and accelerate their businesses. We are happy to announce that Bolortuya Dorjsuren of Seaberry Farm Products LLC was chosen as one of the finalists.

Mongolia’s new Accounting and Auditing Laws

This publication covers the key articles of the Accounting and Auditing laws relevant to for-profit entities as a quick reference guide. Mongolian version is available here.

Mongolia adopts new VAT Law

The Mongolian parliament adopted a new VAT Law in July 2015 which is to take effect on 1 January 2016.

Mongolia introduces a Tax Amnesty Program

Mongolian Parliament has finally voted for a Tax Amnesty Program after a long – lasted debate despite strong public criticism.

Permanent Establishment - Developments in Mongolia

Foreign corporations are required to register their taxable presence within 30 days after the respective activity or project has triggered existence of a Permanent establishment.