Mongolia Certified Tax Consultant

Practice session

At 31 December 2026 a Mongolian company has taxable temporary differences that will reverse in 2027-2028. It reliably expects taxable income of about 8,000,000,000 MNT a year in those years. The CIT amendment passed on 26 June 2026 (effective 1 January 2027) taxes 10% up to 6 billion MNT and 15% between 6 and 10 billion MNT. Under IAS 12.47 and 12.49, at what rate should the deferred tax liability be measured?

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