Compliance with local accounting legislation, standards and reporting timeliness is an important requirement in expanding into a new territory. With the speed of change in the tax and accounting laws in Mongolia, it may be difficult for companies to stay on top of changes both to the laws and their application in your tax filing and compliance procedures.
Additionally, due to uncertainties surrounding the interpretation of tax laws, there has been an increase in disputes arising. The increasing sophistication and expertise of the tax authority means that the taxpayer, now more than ever, needs support and advice from experts at all stages of the tax compliance life cycle.
