This article provides a brief overview of the Mongolian tax rules applicable to share transfers and the tax obligations that arise for both individuals and legal entities.

A company’s assets are those registered in the company’s name and owned exclusively by the company, whereas a shareholder’s asset is the shareholding itself.

An authorized company officer is defined as a person who directly or indirectly participates in making decisions of the company and concluding contracts and transactions.

The Mongolian Supreme Court states that fraud involves deception and criminal intent—unlike civil disputes over breached contracts.

According to the General Tax Law of Mongolia, there are a total of 30 types of taxes