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Oyu Tolgoi receives Tax Act from Mongolian Tax Authority News provided by Share this article Share this article MONTREAL, Dec. 23, 2020 /PRNewswire/ - Turquoise Hill Resources today announced that Oyu Tolgoi LLC has received, and is evaluating, a Tax Act ( tax assessment ) for approximately US$228 million cash tax from the Mongolian Tax Authority (MTA) relating to an audit on taxes imposed and paid by Oyu Tolgoi LLC between 2016 and 2018. This tax assessment is being evaluated by Oyu Tolgoi LLC and a response will be issued within the timeframe required by Mongolian Law. As previously announced by Turquoise Hill, on January 16, 2018, Oyu Tolgoi LLC had received and was evaluating a tax assessment for approximately US$155 million from the MTA relating to an audit on taxes imposed and paid by Oyu Tolgoi LLC between 2013 and 2015. On February 20, 2020, Turquoise Hill announced that Oyu Tolgoi LLC initiated formal international arbitration proceeding in accordance with the dispute r

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