Mongolia
A. Progress in the implementation of the minimum standard
Mongolia has 25 tax agreements in force, as reported in its response to the Peer Review questionnaire. None of those agreements comply with the minimum standard.
Mongolia has not signed the MLI.
Mongolia indicated in its response to the Peer Review questionnaire that it intends to join the MLI in early 2022.
In their responses to the Peer Review questionnaire, Hungary and Indonesia indicated that their agreements with Mongolia did not give rise to material treaty shopping concerns, for their respective jurisdictions.
B. Conclusion
Mongolia has developed a 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, Turkey, Ukraine, United Kingdom and Viet Nam. Mongolia indicated in its response to the Peer Review questionnaire that it intends to sign the MLI in early 2022 and list those agreements to be covered.