The fundamental tax law of Mongolia is the General Tax Law of Mongolia which provides the overall structure of the tax regime and the general rights and obligations of taxpayers and the taxation authorities. In accordance with General Tax Law of Mongolia, the Parliament of Mongolia shall have the sole right to introduce, amend, mitigate, exempt annual taxes by enacting and implementing the relevant tax law except the certain occasions. The corporate and individual tax rate in Mongolia is considered as comparatively lower than world average even in the Asia region.

We provide advice on the tax issues related to:

• Corporate income tax;

• Value added tax;

• Personal income tax;

• Social insurance premiums;

• Tax inspections and acts including taxes aforementioned.

It is a feature of our service that we treat our clients with the right kind of tax treaty, taking into account the overlapping of the income tax and the avoidance of tax evasion in any agreements that are being developed for our customers.

With our service we ensure there is no overlapping of income tax, taking precautions regarding tax evasion for every contract and making sure that we come up with the best possible solutions.

Notable Experiences

• Provided legal consulting services on the application of tax legislation in construction projects implemented by Master Group LLC (2016-2017);

• Acted as a legal and tax advisor for transactions to sale and transfer the business in Mongolia by Japan and Canadian investors (2016);

• Financing transaction of French banking organization for hotel operation. Conducted legal due diligence, provided opinions on transaction structures considering the tax implications (2015);

• Sale and purchase transaction of real properties with contract value over 20 million USD. Conducted legal due diligence, provided opinions on transaction structures considering the tax implications, drafted Sale and Purchase Agreement and relevant resolutions (2015);

• Acted as the legal counsel for the private equity firm on investment and double taxation matter (2014-2016);