The Double Taxation Relief (Taxes on Income) (Mongolia) Order 1996

(13) Notwithstanding paragraphs (2) and (3) of this Article, interest arising in the United Kingdom which is paid to and beneficially owned by a resident of Mongolia shall be exempt from tax in the United Kingdom if it is paid in respect of a loan made, guaranteed or insured, or any other debt-claim or credit guaranteed or insured by the Trade and Development Bank of Mongolia.