Mongolia
Individual - Foreign tax relief and tax treaties
Last reviewed - 24 July 2024Foreign tax relief
A foreign tax credit is available for foreign taxes paid up to the amount of the Mongolian tax liability that would have been due on the same amount. Provided certain conditions are met, taxes paid in foreign countries that have exchange of information agreements with the Mongolian tax authorities can also be credited against taxes payable in Mongolia.
Tax treaties
Below is the list of countries with which Mongolia has a double tax treaty (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 |