Mongolia Tax Rates
Mongolia operates a progressive income tax system with rates of 10-25%, administered by the General Department of Taxation. The standard corporate tax rate is 25%, and Mongolia levies a 10% VAT. The economy is heavily resource-dependent, with mining sector revenues playing a critical role in government finances.
Top Income Tax Rate
25%
Corporate Tax Rate
25%
VAT / Sales Tax
10%
Capital Gains Tax
10%
Detailed Tax Information
Income Tax Brackets
Mongolia's personal income tax applies progressive rates of 10%, 15%, and 25%. Residents are taxed on worldwide income while non-residents are taxed at 20% on Mongolian-sourced income. Employment income, business income, and passive income are all subject to the progressive rates.
| Income Range | Tax Rate |
|---|---|
| ₮0 – ₮120.0M | 10% |
| ₮120.0M – ₮180.0M | 15% |
| ₮180.0M+ | 25% |
Corporate Tax
Mongolia's corporate income tax is 10% on the first MNT 6 billion of taxable income and 25% on income exceeding that threshold. Mining companies holding exploitation licenses pay CIT at standard rates but are also subject to royalties on mineral production.
Standard Rate
25%
Small Business Rate
10%
Capital Gains Tax
Capital gains in Mongolia are generally taxed at 10% for residents. Gains on the sale of immovable property and securities are subject to this rate. Non-residents pay 20% on Mongolian-sourced capital gains.
Rate
10%
VAT / Sales Tax
Mongolia's VAT is levied at 10% on the supply of goods and services. Exempt supplies include education, healthcare, financial services, and residential property sales. Exports are zero-rated.
Standard Rate
10%
Cryptocurrency Tax
Mongolia does not have specific cryptocurrency legislation. Crypto gains would be subject to personal income tax at standard rates. The Bank of Mongolia has expressed caution regarding cryptocurrency trading.
Tax Treaties
Mongolia has approximately 30 double taxation agreements. Key treaty partners include neighboring China and Russia, as well as major investment source countries for the mining sector.
Treaty Network
30
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Mongolia
See how much you could save by moving here from your current country.
+$2K
Tax in United States
$24K
24.4% effective
Tax in Mongolia
$23K
22.5% effective
You Save
7.6%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
