www.mad-mongolia.com August 5, 2013
On July 30th it was announced that the foreign minister of Luxembourg and the foreign minister of Mongolia had agreed to negotiate on a tax treaty on the avoidance of double taxation according to the Luxembourg Foreign Affairs Ministry.
Luxembourg Foreign Minister Jean Asselborn met with Mongolia’s Deputy Prime Minister Terbishdagva Dendev and Minister of Foreign Affairs Luvsanvandan Bold for bilateral meetings during an official visit to Mongolia .
During the meeting, Asselborn called for a new agreement on the avoidance of double taxation between both nations to facilitate better access to investment services. The Mongolian ministers agreed to open negotiations once the Mongolian Parliament has adopted a new legal framework for foreign investment.