Translator for tax policy legislation and policy documents
Reference: A2/CS/0005
Client: Ministry of Finance
Category: Consultancy Service
Advertised: 2019-12-11
Deadline: 2019-12-25 17:00:00  

Ad Invitation

A. BACKGROUND

Mongolia has received a credit from the International Development Association (IDA) for the Strengthening Fiscal and Financial Stability Project (SFFSP). The objective of the SFFS Project is to contribute to the Government of Mongolia’s efforts to strengthen fiscal and financial stability and improve the quality of expenditure. The project is designed into five components: (A) Strengthening Macroeconomic and Fiscal Management; (B) Improving the Efficiency of Public Financial Management; (C) Enhancing Financial Sector Stability; (D) Strengthening the Social Protection System; (E) Project Management and Monitoring. For more details, please refer to the Project Appraisal Document Report No. PAD2269. 

Sub-Component A.2 aims at “Strengthening fiscal policy and planning” by improving the existing legal framework through reviewing the related fiscal laws and including new fiscal relations to address the inconsistencies in tax laws, introduce international best practices in the tax laws such as transfer pricing and base erosion and profit shifting (hereinafter referred as “BEPS”), and build comprehensive revenue forecasting and financial models for economic analysis of large-scale mega projects. Therefore, the Ministry of Finance (hereinafter referred as “MOF”) is responsible for the implementation of the Sub-Component A.2 of the SFFS project. 

To meet the IMF Extended Fund Facility program policy measures and World Bank Development Policy Loan, the Government of Mongolia is to modernize its tax environment by increasing tax base and reducing BEPS. 

In order to be delisted from the European Union listing of Mongolia as non-cooperative jurisdiction for tax purposes, the Government of Mongolia committed to implement exchange of information standards by becoming a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes (hereinafter referred as “the Global Forum”) and join Multilateral Convention on Mutual Administrative Assistance in Tax Matters for exchange of information purposes by the Government resolution #350, dated 20th December 2017. With this commitment, the Government of Mongolia has to incorporate exchange of information standards into the domestic legislation and join and ratify the above-mentioned convention.

The GOM has recently completed the tax reform by revising key tax laws including the General Tax Law, the Corporate Income Tax Law and the Personal Income Tax Law in accordance with the Government Action Plan 2016-2020 and the Programs agreed with development partners including the IMF, the World Bank and the JICA. The purpose of this reform is to promote investment, support businesses, create jobs, simplify provisions in tax laws, improve transparency, strengthen tax administration, introduce international best practices into domestic tax laws and protect taxpayer rights. Moreover, the GOM joined the Global Forum on Transparency and Information Exchange for Tax Purposes and the Inclusive Framework on BEPS. Hence, it is important for the Government to ensure that tax legislations are compliant with the agreed international standards. Revised tax laws will come into effect as from January 1, 2020. the MOF and the GDT are working closely together to draft these documents. 

Since the new tax legislation is entered into force from January 1, 2020, it has been crucial to inform new tax environment to the international organizations such as OECD, IMF, World Bank as well as foreign and local investors. 

Mongolia’s first peer reviews on BEPS minimum standards is expected to start from 2020 and the basis of these reviews will be founded on the tax reform. Therefore, the BEPS standards set out in the new tax laws and secondary legislation shall be meticulously translated into English and BEPS documents into Mongolian.

In addition, Mongolia shall join and ratify the Multilateral Convention on Mutual Administrative Assistance in Tax Matters by the end of 2019 to fulfill the commitments made to the EU. 

Considering the time constraint set by the Global Forum and necessity of translation of tax law package, the MOF urgently needs to hire a translator for translating tax reform legislation and multilateral convention materials.

B. OBJECTIVE OF THE ASSIGNMENT 

The main objective of this short-term assignment is to provide translation of new tax laws including General tax law, Corporate income tax law, Personal income tax law and Value added tax from Mongolian into English and Multilateral Convention on Mutual Administrative Assistance in Tax Matters and its related documents from English into Mongolian.

C. SCOPE OF THE ASSIGNMENT

Key responsibilities under this assignment will include following tasks:

   1. Translate the revised General tax law and its supplementary changes to other laws from Mongolian into English;

   2. Translate the revised Corporate income tax law and its supplementary changes to other laws from Mongolian into English;

   3. Translate the revised Personal income tax law and its supplementary changes to other laws from Mongolian into English;

   4. Translate the revised VAT law amendment from Mongolian into English;

   5. Translate the Common reporting standard from English to Mongolian; and

   7. Translate the Model Competent Authority Agreement from English to Mongolian

   8. Translate Multilateral Convention on Mutual Administrative Assistance in Tax Matters and its other related official documents; 

   9. Translate the Explanatory Report and Commentary on the Provisions of Convention on Mutual Administrative Assistance in Tax Matters from English into Mongolian;

  10. Translate the Rules of Procedure of The Co-Ordinating Body of The Convention on Mutual Administrative Assistance in Tax Matters;

  11. Other documents related to activities mentioned above as reasonably requested by the Client.

D. DELIVERABLES:

Translation of each documents as outlined in the Scope of the Assignment.

E. CONSULTANT’S QUALIFICATIONS/ SELECTION CRITERIA

   - Education: A suitable candidate should have a degree in a field relevant to the assignment;

   - Experience: The candidate should have excellent track record in providing translation services of taxation, finance, economics and other related documents. Knowledge of technical terms of taxation, finance and experience in legal translation would be an advantage;

   - Language skills: Mongolian citizen with fluent written and spoken skills in both Mongolian and English;

   - Computer literacy: Be proficient in PC based applications such as Word and Excel; and

   - Excellent analytical, reporting, communication and interpersonal skills with the ability to function effectively and collaboratively in a team environment; high integrity and accountability.

F. SUPERVISION AND REPORTING

The translator will report directly to the Head of the Fiscal Revenue Division (FRD) and Director General of the FPPD, MOF and will work on a day-to-day basis with officers and local consultants of the FPPD on all matters related to the assignment. The Head of the FRD will meet regularly with the translator to review progress with the work program and to resolve any outstanding issues.

All information provided to the translator will be regarded as confidential and information will not be shared with any outside individuals or organizations.

The translations provided by the Translator shall be accepted by the Client and tpayment will be released upon satisfactory completion of each deliverable(s).

G. CONTRACT DURATION 

The assignment is expected to commence in December 2019. The total duration of the consultancy service is estimated to be 4 months. 

If you possess the above qualifications, please submit following documents:

     ·  Cover letter indicating why she/he considers her/himself suitable for the position,

     ·  Detailed CV highlighting relevant skills/experience,

     ·  Copy of diplomas or certificates and,

     ·  2 reference letters from previous last two employers  no later than 17:00, December 25, 2019.

The submitted documents will not be returned to the applicants. Please note that incomplete applications would not be considered for evaluation. Only selected candidates will be contacted. Candidates can be interviewed. Detailed terms of reference can be requested from procurement@sffs.mn.

Contact address: Attn: Ms.L. Bayarmaa, Procurement Specialist, Strengthening Fiscal and Financial Stability Project. Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582

Contact Info

70120582

Attachments

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