In accordance with the "Guidelines for improving the
legislation of Mongolia until 2020", approved by the State
Great Khural (the Parliament) on January 12, 2017, the Parliament
on March 22, 2019, passed a revised version of the package of laws
on Taxation.
General Anti-Avoidance Rule, Transfer Pricing Rules, Mutual
Agreement Procedure, and Procedure for Exchange of Information with
Foreign Tax Authorities are passed and adhered in accordance with
revised version of the General Law on Taxation, which is included
in this package of laws.
General Anti-Avoidance Rule (GAAR)
GAAR shall be implemented in the case that a taxpayer is found,
during a tax audit, to have arranged a tax scheme alone or jointly
with others, or to have benefited from tax evasion under the tax
scheme, and the relevant tax cannot be re-imposed.
