Mongolia
A. Progress in the implementation of the minimum standard
Mongolia has 26 tax agreements in force, as reported in its response to the Peer Review questionnaire. None of those agreements comply with the minimum standard.
Mongolia signed the MLI in October 2022, listing its non-compliant agreements. The agreements modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect
Mongolia is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1
B. Conclusion
Mongolia has given effect to its plan for the implementation of the minimum standard in its agreements with Austria, Belarus, Belgium, Bulgaria, Canada, China (People's Republic of), Czech Republic, France, Germany, Hungary, India, Indonesia, Kazakhstan, Korea, Malaysia, Poland, Russian Federation, Singapore, Switzerland, Türkiye, Ukraine, United Kingdom and Viet Nam. Mongolia indicated signed the MLI in in October 2022 and listed those agreements to be covered.
Acknowledging that Mongolia signed the MLI in October 2022, no recommendation is made that Mongolia ratifies the MLI in 2022. However, it is expected that Mongolia will swiftly start the process to complete the steps to have the MLI take effect with respect to its agreements listed under the MLI, as those agreement will only be modified by the MLI (and come into compliance with the minimum standard) once the provisions of the MLI take effect.
Note
← 1. For its agreements listed under the MLI, Mongolia is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).