Tax Alert: 05 February 2013

New Tax Consulting Services Law

On 18th of January, 2012 the Government of Mongolia published the Tax Consulting Services Law. We understand this law is intended to ensure that entities with properly qualified and experienced individuals are providing tax services and advice. It extends to advice on tax issues, preparation of tax returns, representations to the tax authorities and also companies who put together the primary documents and perform bookkeeping services.

The law became effective as of 28th of January, 2013, but has a transition period through to 1st of June, 2013 to enable providers to obtain the necessary licence.