9 working days to go until the deadline for registering the “ultimate holders” of a legal entity

Issue 3/2018 • 18 May 2018

Legal entities possessing a mining license or the right to possess or use land are required to register their ultimate holders information before June 1, 2018 to the Legal Entities Registration Office (LERO) and respective tax authorities.


In our Tax and Legal Alert 1/2018 dated 12 January 2018, we outlined the new regulations on ultimate holders of legal entities, which maintain mining licenses and/or land use or possession rights.
Particularly, legal entities holding the licenses should register their ultimate holders to the LERO and respective tax authority, while legal entities maintaining a land use or possession right should register their ultimate holders to the respective tax authority. Only 9 working days have left until the statutory deadline for registering ultimate holders to end.

 

Contact us

Sergi Kobakhidze

Tax and Legal Services Partner, PwC Mongolia

Tsendmaa Choijamts

Director, Tax and Legal services, PwC Mongolia

Tel: +976 70009089

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