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Wednesday, July 6, 2011




Mongolia Briefing is a magazine and daily news service about doing business in Mongolia. We cover topics relating to the Mongolian economy, the market in Mongolia, foreign direct investment and Mongolian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates


Tax and Accounting

Mongolia Considers Raising Country’s Debt Ceiling to Facilitate Infrastructure Development

By Elena Fehrbach

The Ministry of Finance has prepared and presented a plan to raise Mongolia’s debt ceiling that would give opportunity to the country to sell more foreign debt to pay for infrastructure development.

The country’s current debt ceiling is 40 percent of GDP. The plan is to increase it to 70 percent, according to Mr. K. Ganzorigt, the State Secretary of the Ministry of Finance who announced the new plan while meeting with diplomats and foreign press. He mentioned that raising of the debt ceiling would form part of the new debt management plan in Mongolia. Continue reading

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Small and Medium Enterprises Will Be Exempt From Import Customs Duties and VAT Until December 31, 2016

By Elena Fehrbach

The Government of Mongolia has made a decision to extend the duration of the Law on the exemption of import of equipment and spare parts from customs duties and VAT for two more years until the end of 2016. The Law only refers to small and medium enterprises (SME). The Law was first introduced in 2009 with one extension. Continue reading

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Draft Bill on Tax Exemptions for Small and Medium Enterprises is Under Review by Parliament

By Elena Fehrbach

The Government of Mongolia has proposed a draft of the new bill amending taxation of the small and medium size entities (SME). The aim of the new bill is to support SME by providing more favorable and easy tax conditions. The new draft assumes amendments in the Law on VAT and the Law on Income Tax. Continue reading

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New Securities Law Allowing Dual Listings to be Passed in Mongolia

By Elena Fehrbach

Apr. 10 – The new draft of the Securities Law has just been introduced for the discussion at the spring session of the Parliament which started on April 5. The suggested draft has been in the process of revision for more than 1 year and is expected to become a game- change regulation allowing dual listing. Continue reading

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Tax Bureau Upgrading to Electronic Filing

Jul. 7 – The General Office of Taxation in Mongolia will convert all of its services to an electronic format by 2013.

With the support of the World Bank, the U.K.’s Crown Agent Company, and Daewoo Corporation of Korea, this project will be 80 percent complete within the next 18 months. Continue reading

Posted in Legal and Regulatory, Regulatory Update, Tax and Accounting | 2 Comments

Mongolia’s Opportunities and Legal, Tax and Economic Developments

Seminar in Beijing on Wednesday, March 23 featuring Chris Devonshire-Ellis

Mar. 17 – This event will analyze the emerging investment climate taking place in Mongolia as a result of the massive mineral reserves and wealth found in the country. Prompted by the recent governmental reforms discussed at the Mongolia Economic Forum held at the beginning of the month in Ulaan Baatar, this event will showcase investment opportunities and challenges in Mongolia, including mining, in addition to new secondary industries. The event will provide an introduction to the “Wolf Economy”, as well as an overview of the applicable legal and tax regulations. Continue reading

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Mongolia’s Wolf Economy Comes in from the Cold

The investment opportunities are all about mining, minerals, and entrepreneurial adventures

Op-Ed Commentary: Chris Devonshire-Ellis

ULAAN BAATAR, Mar. 4 – The main focus of what is going to be a decade of massive change for the Mongolian economy is going to be mining. In fact, the massive reserves that the nation possesses are such that there is talk of a “mining mania” and serious concern about how this young nation can cope with the implications this natural bonanza will bring. Continue reading

Posted in Business, Culture & History, Featured, Finance, Legal and Regulatory, Markets, Mining, Politics, Regulatory Update, Tax and Accounting | Leave a comment



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at mongolia@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


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