Canada-Mongolia Tax Convention [ Convention between the Government of Canada and the Government of Mongolia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital ]

Inner Mongolia | Inner Mongolia Autonomous Region

Candida mongoliae

Mongolia (geographic location)

China and Mongolia Division

Agreement between the government of Canada and the government of Mongolia on trade and commerce

Programme for technical assistance to the independent states of the former Soviet Union and Mongolia | Technical Assistance to the Commonwealth of Independent States | TACIS [Abbr.]

Management Committee for Assistance to the Independent States and Mongolia

(b) the term “Mongolia” , used in a geographical sense, means the territory of Mongolia including any area in which the tax law of Mongolia is in force insofar as Mongolia exercises in such area, in conformity with international law, sovereign rights to exploit its natural resources, and the airspace above the land territory;

3. For the purposes of subparagraph (a) of paragraph 1, tax payable in Mongolia by a company which is a resident of Canada in respect of profits attributable to manufacturing activities or to the exploration or exploitation of natural resources carried on by it in Mongolia shall be deemed to include any amount which would have been payable thereon as Mongolian tax for any year but for an exemption from, or reduction of, tax granted for that year or any part thereof under specific provisions of Mongolian legislation and provided always that the competent authority of Mongolia has certified that any such exemption from or reduction of Mong ...[+++]olian tax given under these provisions has been granted in order to promote economic development in Mongolia.

The examination of the information received led to the conclusion that it is justified to extend the geographical scope of its recognition for product category B to Kenya, Mongolia, the United Arab Emirates and Vietnam, for product category E to Kenya and Mongolia, and for product category F to Bangladesh, Bhutan, Colombia, Fiji, Nepal, Papua New Guinea, Singapore and South Africa.

(b) Where in accordance with any provision of the Convention income derived or capital owned by a resident of Mongolia is exempt from tax in Mongolia, Mongolia may nevertheless, in calculating the amount of tax on the remaining income or capital of such resident, take into account the exempted income or capital.