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Mongolia Introduces New Transfer Pricing Requirements Including Master/Local File Documentation and CbC Reporting

|Approved Changes|Mongolia
Mongolia

Mongolia's Parliament reportedly approved tax reform legislation in March 2019 that contains amendments to the country's transfer pricing regime, including the introduction of the three-tiered documentation requirements developed as part of BEPS Action 13. This includes Master file and Local file documentation requirements, which must be prepared by companies with related party transactions, un…