Mongolia has become increasingly reliant on the mining sector, with extensive coal, copper, gold, and uranium deposits. The mining sector contributes considerably to Mongolian government revenues, mainly through mining royalties and corporate income tax. The Mongolian mining sector scores “satisfactory” in the Resource Governance Index 2021.
Main Mining Products
What Are We Doing in Mongolia?
In August 2019, we agreed to a joint work program with finance, taxation, and mining authorities in Mongolia to help the county improve mining revenue collection.
- IGF-MTA-OECD-TIWB Case Study | Tackling Multinational Tax Avoidance in Mongolia: From building modern legal frameworks and mining industry expertise to a major audit outcome (English, French, Spanish, and Mongolian)
- IGF-MTA-OECD-TIWB Announcement | The Mongolian Tax Administration partners with international organizations and issues first transfer pricing tax assessment for USD 228 million
“The most useful topic for me was pricing of different types of coal using the world market price database. In Mongolia, underpricing of coal in transactions both with related parties and independent parties is a common issue.”