Mongolia to Sign BEPS MLI

Mongolia's Ministry of Finance is reportedly planning to sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) before the end of 2021. After Mongolia signs and ratifies the BEPS MLI and deposits its ratification instrument, the MLI will apply to Mongolia's notified covered agreements (tax treaties), provided that a particular agreement has also been notified as covered by the respective counterparty, and such counterparty has also deposited its MLI ra…