Foreign tax relief
A credit for tax paid in a foreign country should be available where based on an applicable double tax treaty (DTT). Provided certain conditions are met, taxes paid in foreign countries with no DTT signed with Mongolia can also be credited against taxes payable in Mongolia.
Below is the list of countries with which Mongolia has a DTT:
|Belarus, Republic of||Indonesia||Switzerland|
|Canada||Korea, Democratic People's Republic of||United Kingdom|
|China||Korea, Republic of||Vietnam|