Giant mining Oyu Tolgoi receives assessment from Mongolian tax authority
Turquoise Hill Resources announced that Oyu Tolgoi LLC has received a Tax Act for about USD155 million from the Mongolian Tax Authority relating to an audit on taxes imposed and paid by Oyu Tolgoi.
Giant mining Oyu Tolgoi receives assessment from Mongolian tax authority. Turquoise Hill Resources announced that Oyu Tolgoi LLC has received a Tax Act ('tax assessment') for approximately USD155 million from the Mongolian Tax Authority relating to an audit on taxes imposed and paid by Oyu Tolgoi LLC between 2013 and 2015. Turquoise Hill is of the firm view that Oyu Tolgoi LLC has paid all its taxes and charges required under the Investment Agreement and Mongolian law. The tax assessment is being evaluated by Oyu Tolgoi LLC and a response will be issued within the timeframe required by Mongolian Law. Situated in the southern Gobi desert of Mongolia, the massive Oyu Tolgoi gold and copper mine is jointly owned by the government of Mongolia and Turquoise Hill, of which Rio Tinto owns 51%.
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