Mongolia's Double Taxation Treaties

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As international trade and economic relations expand, so does the risk that a single stream of income gets taxed by two or more countries at once. Double taxation like this creates real headaches for investors and businesses, and it discourages cross-border investment and trade. To prevent this — and to actively encourage international investment and trade — countries enter into "Agreements for the Avoidance of Double Taxation on Income and Capital," commonly known as double taxation treaties (DTTs).

Beyond simply avoiding double taxation on income and capital, these treaties also help close off opportunities for tax evasion and information concealment. In effect, a DTT does two things: it allocates taxing rights between the signing countries, and it creates a legal basis for exchanging tax-related information.

As of now, Mongolia has double taxation treaties in force with a total of 26 countries. The full list appears below:

No.	Country	Treaty	Date
1	Austria	Convention on Income and Capital Taxes	2003.07.03
2	Belarus	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	2001.05.28
3	Belgium	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	—
4	North Korea	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	2003.11.19
5	South Korea	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1992.04.17
6	China	Agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion	1991.08.26
7	Bulgaria	Convention on Income and Capital Taxes	2000.02.28
8	Vietnam	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1996.05.09
9	Germany	Agreement on Income and Capital Taxes	1994.08.22
10	United Kingdom	Convention for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1996.04.23
11	Indonesia	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1996.07.02
12	Italy	Convention for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	2003.09.11
13	Kazakhstan	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1998.03.12
14	Canada	Convention for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	2002.05.27
15	Kyrgyzstan	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1999.12.04
16	Malaysia	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1995.07.27
17	Russia	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1995.04.05
18	Poland	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1997.04.18
19	Singapore	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	2002.10.10
20	Turkey	Agreement for the Avoidance of Double Taxation on Income and Prevention of Tax Evasion	1995.09.12
21	Ukraine	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	2002.07.01
22	Hungary	Convention for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1994.09.13
23	France	Convention for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1996.04.18
24	Czech Republic	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1997.02.27
25	Switzerland	Agreement for the Avoidance of Double Taxation on Income and Capital	1999.09.20
26	India	Agreement for the Avoidance of Double Taxation on Income and Capital and Prevention of Tax Evasion	1994.02.22

Source:

Mongolian Tax Authority website

Disclaimer: This article is intended for general informational purposes only and have been prepared in accordance with the laws in effect at the time of writing. For legal advice, please consult a professional attorney.