The revision of the 2013 Law on Investment has been under discussion for quite some time. The Law on Investment is a key legal framework for investors, as it regulates matters such as investment protections, incentives, and the rights of foreign investors investing in Mongolia. Accordingly, this newsletter presents...
In our previous issue, we informed you that the 2021 Procedure for Issuing Certificates of Land Possession and Use Rights (“2021 Procedure”) had been repealed. Subsequently, on March 6, 2025, the Government of Mongolia approved a new Procedure for Issuing Certificates of Land Possession and Use Rights (“2025...
On December 19, 2022, the Parliament of Mongolia enacted the Law on Public-Private Partnership ("PPP Law"), which became effective on December 31, 2023. Within the framework of the PPP Law, the Government of Mongolia approved the following regulations through Resolution No. 210 on December 4, 2024, for public-private...
In accordance with the Government of Mongolia's Action Plan (for 2024-2028) to revise and improve tax legislation, the Ministry of Finance has drafted a reform of the Value Added Tax (VAT) Law, along with amendments to the General Tax Law (GTL), the Corporate Income Tax (CIT) Law, and the Personal Income Tax (PIT) Law....
In accordance with Article 1.5, Section 17 of the Law on Permits, issuing administrative normative acts related to issuing, extending, suspending, reinstating, or annulling permits is prohibited. To ensure compliance with this regulation, the administrative normative acts that have been repealed to date are listed...
In accordance with Resolution No.3 dated October 7th, 2024 issued by National Tripartite Committee on Labor and Social Consensus, the minimum wage will be changed to MNT 4,715 per hour or MNT 792,000 per month, effective from April 1, 2025.
On June 5, 2024, the Parliament of Mongolia adopted the Revised Law on Medicines and Medical Devices (“LMMD”). The LMMD took effect on October 1, 2024, introducing significant changes to the pharmaceutical and medical sectors. Following the LMMD's adoption, various secondary regulations are anticipated to be...
Upcoming Changes to Mongolian Double Tax Treaties (DTTs) The Multilateral Convention to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting, commonly known as the Multilateral Instrument (MLI), is a dynamic tool designed to modify existing tax treaties in line with a jurisdiction's policy...
