Anticipated new transfer pricing rules in Mongolia
Oct 25, 2016
The Ministry of Finance and the National Tax Administration (NTA) have developed a number of draft regulations strengthening the current transfer pricing (“TP”) rules.
The new regulations define covered transactions more specifically, introduce tools for analysing TP, determine TP documentation requirements and establish other important rules.
The existing Methodology for using benchmark prices* (in force since 2007) and several limited provisions in tax laws have been the only TP rules in Mongolia. These TP rules are vague and not enforced.
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