www.taxtreatiesanalysis.com August 4, 2013
The foreign ministers of Luxembourg and Mongolia have agreed to negotiate a tax treaty on the avoidance on double taxation, the Luxembourg Foreign Affairs Ministry announced on July 30.
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.