Rio Tinto to pursue international tax arbitration in Mongolia disputeChristian Fernsby ▼ | February 21, 2020
Rio Tinto announces that Oyu Tolgoi has initiated a formal international arbitration process to seek a definitive resolution with regard to a dispute with the Mongolian Tax Authority (MTA), concerning taxes paid by Oyu Tolgoi between 2013 and 2015.
Mining industry Rio Tinto aluminium New Zealand
Topics: Rio Tinto tax Mongolia
On 16 January, 2018, Oyu Tolgoi received a tax assessment for approximately $155 million from the MTA relating to an audit on taxes imposed and paid by Oyu Tolgoi between 2013 and 2015. In January 2018, Oyu Tolgoi paid an amount of $4.8 million to settle unpaid taxes, fines and penalties for accepted items. ■