The 60-second version
Mongolian brokerage exit needs sell MSE holdings, GDT tax summary, depot termination letter, and USD SWIFT to NRE before India tax residency.
Sell MSE holdings before MNT wire — GDT summary from broker first
Mongolia taxes capital gains on securities disposals — obtain broker annual summary from GDT before closing depot.
Golomt Bank and Khan Bank serve retail custody — MSE liquidity improves on large-cap miners.
Country lane: Mongolia return guide for payroll and tax exit.
Mongolian brokerage wind-down
| Broker | Tax doc | Step |
|---|---|---|
| Golomt Securities | CG stmt | Sell + close |
| Khan Bank | Annual cert | Zero holdings |
| MSE | Local stocks | Plan liquidity |
| Linked bank | MNT/USD | Close after depot |
Closure
Sell
Liquidate MSE holdings.
GDT tax
CG if required.
Convert MNT
USD before SWIFT.
Close depot
Termination letter.
Schedule FA
Last FY foreign asset.
Flow
Mongolia brokerage kit
- Trade confirms.
- Tax summary.
- Closure letter.
- SWIFT.
- Passport copy.
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Mining stocks
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Schedule FA?
Declare account in last FY you held foreign brokerage.
DTAA?
India-Mongolia DTAA may reduce double tax — Form 67.
Payroll exit?
Mongolia country guide for GDT payroll clearance.
US person?
FBAR + Form 8938 if thresholds met.
Linked bank?
Close MNT account only after depot zero and SWIFT confirmed.
Kazakh parallel?
Kazakh brokerage guide for Almaty depot.
Your NRE account redesignation has a deadline.
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