Individual - Foreign tax relief and tax treaties

Last reviewed - 28 June 2021

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.

Tax treaties

Below is the list of countries with which Mongolia has a DTT:

Austria India Singapore
Belarus, Republic of Indonesia Switzerland
Belgium Italy Turkey
Bulgaria Kazakhstan Ukraine
Canada Korea, Democratic People's Republic of United Kingdom
China Korea, Republic of Vietnam
Czech Republic Kyrgyzstan
France Malaysia
Germany Poland
Hungary Russia