Global employer services
Deloitte in Mongolia provides global employment services through Deloitte Onch Tax Services TMZ LLC, certified under the Law on Certified Tax Consulting Services, to provide accounting and tax compliance services
International assignment services
With mineral resources estimated to be worth USD 1 trillion, Mongolia is an attractive foreign investment destination. Inbound investments bring in capital as well as world-class talent and skills. Deloitte Mongolia can help bring in these highly-paid investors and technical service personnel and shield them from the intricacies of tax compliance so that they can concentrate on what they do best. We provide global employers doing business in Mongolia with international assignment services: immigration and visa services and personal tax compliance.
Personal tax compliance
We help companies address Mongolian compliance with employees’ individual payroll tax reporting and filing requirement.
Our specific services involve
- providing tax entry briefings for expatriate assignees to Mongolia;
- making preliminary determination of their Mongolia tax residence status at the start of their assignment and reviewing and updating their status as the tax year unfolds;
- registering the assignee with a district tax office and the district administrative office where he has taken residence;
- keeping the assignee’s taxpayer book for compensation and other income he receives while on assignment;
- preparing and filing on his behalf the annual personal income tax return;
- assisting the assignee settle his tax obligations;
- providing tax exit briefings;
- de-registering the assignee from the tax office databases at final departure;
Diversity of industries and countries of origin
Expatriate assignees to Mongolia work in various industries such as mining, mining services, industrial and heavy equipment distribution and maintenance, railway construction, telecommunications, church service, diplomatic courier service, and global business news reporting. They come from Europe, Asia, and North America; many from countries with double tax avoidance treaties with Mongolia. Such diversity requires awareness of work practices in different industries, intimate knowledge of Mongolian labor and tax regulatory compliance and relevant tax treaty provisions on dependent personal services, tax credits and elimination of double taxation.
Business insight and flexibility
A global leader in railway technology has a project team in Mongolia supervising the modernization of a major railway system. Deloitte provides international assignment service to the team in Germany and in Mongolia. A change in the project’s tax presence from non-resident taxpayer status to a permanent establishment registered with the Mongolian tax authority required our team to transition the GES engagement to a combined GES and corporate payroll tax and social insurance compliance engagement. We were able to quickly and seamlessly undertake the out-of-scope activities because our team members are also experts in providing corporate payroll and social insurance compliance under our Business Process Solutions (BPS) service line. We help businesses with tax consulting, BPS and GES service lines.
Immigration services practice is a key component of our Global Employer Services practice. Deloitte Mongolia is part of the Deloitte Global Immigration Network that covers over 120 locations worldwide.
We assist global clients deploy talent and skills to work on Mongolia projects. We help manage visa and work permit processing. Together with our tax compliance services, we help companies shield expatriate assignees from immigration and tax worries so that they can concentrate on their work. Ask us how we can help.
Foreign worker visa quota. Foreign investors should be aware that the Government sets an annual limit on the number of foreign worker to be given HG visas. This annual limit is especially difficult for businesses that need to bring a workforce with expertise and technical skills not available locally. Companies may need to realign their operations to reduce boots on the ground and shift overseas services can be delivered digitally.