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Oyu Tolgoi receives Tax Act from Mongolian Tax Authority


2018-01-16 11:04:10
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Ulaanbaatar /MONTSAME/ Turquoise Hill Resources announced through a news release issued on January 15 that Oyu Tolgoi LLC has received, and is evaluating, a Tax Act (“tax assessment”) for approximately USD 155 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 taxes and charges required under the Investment Agreement (and reconfirmed in the Underground Mine Development and Financing Plan) 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.
source: Turquoise Hill