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      What we do

      In a rapidly changing global business environment, the issues surrounding tax are constantly evolving, both locally and globally. Changes in law, practice, or in the approach of tax authorities across the globe can have major consequences. A business’ approach to tax can be subject to public scrutiny and is now a major driver of reputation.

      At KPMG our Tax Practice can provide comprehensive and commercial advice on a broad range of issues tailored to your needs to help you achieve your objectives in a responsible and sustainable way.

      Using our specialist skills across taxes, our deep industry knowledge and our insights, we’ll help you assess your business needs and help you to stay competitive, compliant and responsible.

      Our Services

      KPMG's International Tax practice is part of a network of professionals who can provide meaningful advice on cross-border tax matters.

      Comprised of a network of professionals around the world and in specialized areas of taxation, teams provide a range of International Tax service offerings on cross-border tax matters and help clients manage the complexities of multiple tax systems. These services include:

      • Foreign tax advice
      • Tax advice with respect to outbound investments including setting up of overseas branches/ subsidiaries
      • Tax advice with respect to inbound investments including setting up of subsidiaries in a tax efficient manner and tax implications of contemplated business structure 

      Our tax professionals are dedicated to enabling the success of your tax future and passionate about helping you find comprehensive approaches in typical business events such as: post acquisition integration and restructuring , expansion, divestment, IPOs and public financing, private finance and refinancing, business change and development.

      Keep on top of domestic tax issues, whatever the size or industry of your business.

      At KPMG, our tax professionals are equipped with strong technical knowledge and industry specific business understanding to help organisations and individuals realise tax efficiencies while meeting the highest standards of compliance.

      Our tax team, consisting of various tax experts (CPTAs, CPAs, Lawyers and ex-tax officials), can help on a wide spectrum of tax service areas across all major industries.

      KPMG in Mongolia provides a range of Domestic Tax Services in response to our clients’ needs. These include:

      • Domestic tax advice
      • Tax return preparation service
      • Assistance with all aspects of tax audits and advance ruling requests
      • Support with tax appeals and litigation
      • Tax “Health check” review to ensure that your business is in compliance with the regulations while reviewing any potential tax risks or process deficiencies.
      • Provision of tailored training to staffs responsible for internal management of Accounting and Tax.

      KPMG Mongolia Tax Newsletter

      As a subscriber you will receive quarterly tax newsletters. Each quarter, the Tax newsletter will include Mongolia tax and other regulatory changes and developments summarized by KPMG Mongolia’s tax team. To request subscription, please email to mn-fm-info@kpmg.com.

      KPMG assists clients across all main industry sectors to navigate Mongolia’s indirect taxes.

      KPMG's indirect tax team has the depth and breadth of experience across all main industry sectors, as well as the ability to apply international best practices to navigate solutions for businesses in Mongolia. We also maintain regular dialogue with Ministry of Finance, Mongolian Tax Authority and Mongolian Customs to ensure the management of indirect taxes is handled effectively.

      Our indirect tax specialists can assist you with:

      • Advising on the VAT treatment of high value transactions, such as property and M&A transactions.
      • VAT advisory services, across a broad spectrum of issues
      • Advice on significant transactions such as restructuring and mergers and acquisitions
      • Health checks to ensure the business is taking advantage of concessions and exemptions, maximizing input VAT credits and deductions and identifying underpayments or process deficiencies
      • Supporting businesses subject to tax audits or other investigations
      • VAT and related compliance services
      • Assistance and advice on the VAT recovery claim
      • Advice relating to Customs duty and Excise taxes
      KPMG's Transfer Pricing Service helps clients to implement economically supportable transfer prices, document policies and respond to challenges.

      KPMG Mongolia provides a range of Transfer Pricing service offerings in response to clients’ needs. These include:

      • Preparation of Master File, Local File, Review of Country by Country (“CbC”) Reporting Templates and Annual Transactional File
      • Review of Master File or Local File prepared by clients to check on potential TP risks and to ensure the consistency of TP policy and accuracy of the documentation
      • Analysis of transfer pricing risk and related planning
      • Assisting with implementation of TP strategies
      • Support for transfer pricing audit defense
      • Transfer pricing documentation
      • Transfer pricing trainings tailored to the client’s business needs and its finance team

      Professionals from KPMG Mongolia apply the international experience accumulated by KPMG network firms working collaboratively with their colleagues from KPMG Global Transfer Pricing Practice.

      KPMG Mongolia provides tax services with respect to corporate reorganizations and M&A.

      KPMG's Mergers & Acquisitions Tax practice (M&A Tax) advises clients on Mongolian tax consequences of disposals, acquisitions or mergers of businesses, and market entry both within and outside of Mongolia.

      We support our clients through the entire deal process - from initial structuring to closing the deal - as well as through post deal implementation of the strategic plan.

      Our services include:

      • Tax Due Diligence - identifying the tax exposure of a deal and how it may be mitigated, with clear focus on risk assessment.
      • Structuring an Acquisition or Disposition - advice on the tax consequences of individual acquisitions, joint ventures and divestments in order to help design tax-efficient deal structures.
      • Tax Modeling -  assistance in forecasting post-deal tax liabilities in business models.
      • Vendor Assistance - tax advice on the tax implications of the sale of a business, including pre-deal reorganization measures and settlement of historic tax risks
      • Assistance with Sales-Purchase Agreement – review and advise on the negotiation of the tax aspects of deal agreements
      Aligning our thinking to your talent management objectives, we can support you with the planning and management of your international workforce.

      International employee mobility raises a range of specific tax and management issues. When our clients send their employees on international assignments in and out of Mongolia, KPMG professionals provide a complete package of proactive expatriate services, including international and local tax planning and reporting, and work permit and immigration services. Learn more about services below:

      Tax compliance and advisory

      • Our service covers from pre-departure counseling, income tax return preparation and tax reconciliations, to correspondence with tax authorities and other expatriate tax advisory services
      • Evaluate tax compliance and permanent establishment issues

      Payroll and payroll related assistances

      • Day-to-day assistance on all payroll
      • Identify and resolve payroll and unemployment tax issues early.
      • Tax gross-up calculation services for net payments made to expatriates/executives.
      • Cash handling assistance for payments to employees as well tax remittance to Authorities on behalf of clients

      Immigration

      • Help you obtain necessary visa, work and residences permits, as well as determine applicable visa category.
      • Advise on immigration topics and processes.
      Learn more about the services offered by KPMG in Mongolia and how we can help your business grow and succeed

      KPMG’s bilingual professionals with broad knowledge and expertise provide outsourcing services, including gathering information from overseas subsidiaries and preparing monthly financial reports to the HQs in an expeditious way.

      Further, KPMG ensures service quality by requiring that all the professionals take part in suitable continuous professional development each year. Following services can be provided by KPMG Mongolia:

      • Payroll calculation including tax reporting to the Authorities
      • Social Health Insurance administration
      • Book-keeping (entering journals and reconciliation with the supporting evidence etc.)
      • Monthly reporting (preparing trial balance, general ledgers, B/S and P/L)
      • Annual reporting under Mongolian legislation  Preparation of group reporting package to the corporate HQ.
      • Preparation of and assistance with various statutory reports, such as monthly monitoring report
      • Payment processing to client's vendors, cross-border money transfer and monitoring and keeping custody of client's bank accounts.
      KPMG Mongolia works closely with the businesses to provide company secretarial advice and services.

      Based on its in-depth knowledge and diverse experiences in the industry, our KPMG Mongolia tax team provides administrative assistance services to both local and international clients. Administrative assistance services include accounting, tax and social and labor insurance administrative processes, and  preparation and filing of various  statutory applications of businesses. Learn more about these assistant services from below:

      • Advice and assistance on business structure in Mongolia
      • Assistance in company incorporation and establishment services
      • Assistance in company dissolution and liquidation
      • Preparation of the minutes of board of directors meetings and shareholders meetings or resolutions
      • Maintaining statutory books and registered office service
      • Provision of other administration services

      Our People

      Cho, Sang Yong

      Head of Tax / Partner

      KPMG in Mongolia

      G. Soyolmaa
      B. Doljindemberel

      Director

      KPMG in Mongolia

      G. Naranjargal
      G. Naranjargal

      Senior Manager

      KPMG in Mongolia

      mn-k-minjin
      K. Minjin

      Manager

      KPMG in Mongolia

      Request for Proposal

      Samjong KPMG offers optimal solutions tailored to your company's needs based on expertise in various fields such as accounting, taxation, and financial advisory.

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