2018蒙古税务简报（英文版）

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1、InternationalTaxMongoliaHighlights2018Investmentbasics:Principalbusinessentities–Thesearethepubliclimitedcompany,closedpubliclimitedcompany,privateCurrency–MongolianTogrog(MNT)limitedcompany,partnershipandlimitedpartnership.Foreignexchangecontrol–AccordingtotheForeignentitiesu

2、suallyestablishasubsidiaryintheformSettlementinNationalCurrencyAct2009,MNTmustbeofaprivatelimitedcompanyorrepresentativeoffice.usedintransactionsbetweenMongolianentities(exceptRepresentativeofficesmaynotengageinanyincome-forbanksandnonbankfinancialinstitutions)andgeneratingact

3、ivitiesandtheydonothavelegalindividuals,unlessspecificallyapprovedotherwisebythepersonality.centralbank.TransactionsbetweenMongolianandforeignlegalentitiesmaybedenominatedinforeigncurrency.Corporatetaxation:BothresidentsandnonresidentsmayholdbankaccountsResidence–Acorporationi

4、saresidentifitisinanycurrency.TherearenorestrictionsontheincorporatedinMongoliaorifitsplaceofmanagementisremittanceofprofits,dividends,interestorroyalties.TheinMongolia.centralbankmustbenotifiedofloansbyforeignlenders.Basis–Residentsaretaxedonworldwideincome;Accountingprincipl

5、es/financialstatements–ThenonresidentsaretaxedonlyonMongolian-sourceincome.AccountingAct2015applies.FinancialstatementsmustTaxableincome–Taxisimposedonacompany’sbepreparedinaccordancewithIFRS(forlistedprofits.Taxablerevenueincludesincomefromthesaleofcompaniesorcompanieshaveapp

6、liedforlistingonaproducts,theprovisionofservices,theleaseorsaleofforeignordomesticstockexchange,banks,miningassets,thesaleofsharesandotheroperations.companies,etc.),IFRSforsmallandmedium-sizedTaxationofdividends–Dividendsreceivedareenterprises(SMEs)orInternationalPublicSectori

7、ncludedintaxableincome.AccountingStandards(applicabletogovernmentalauthorities).CompanieswithoneormoresubsidiariesCapitalgains–Thereisnoseparatecapitalgainstax;mustprepareandfileconsolidatedfinancialstatements.gainsfromthesaleofmovableandimmovablepropertyaretaxedatthestandardc

8、orporateincometaxrates.ForenterprisesthatarerequiredtofollowI