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Mongolia
Individual - Taxes on personal income
Last reviewed - 04 December 2023A non-resident taxpayer of Mongolia is subject to a flat tax rate of 20% on income earned in or sourced from Mongolia.
Annual taxable income from salaries, wages, similar employment income, and indirect income will be taxed at the following progressive rates:
| Annual taxable income (MNT) | Applicable tax rate (%) | |
| Residents | Non-residents | |
| 0 to 120 million (0 to 10 million per month) |
10 | 20 |
| 120 million to 180 million (10 million to 15 million per month) |
MNT 12 million plus 15% on income exceeding MNT 120 million |
20 |
| More than 180 million (more than 15 million per month) |
MNT 21 million plus 20% on income exceeding MNT 180 million |
20 |
| Other sources of income | Applicable tax rate (%) | |
| Residents | Non-residents | |
| Income from property (i.e. dividends, royalties, interest, capital gain from sale of securities/stocks) | 10 | 20 |
| Sale of immovable property (gross) | 2 | 20 |
| Income from scientific, literary, and artistic works, inventions, product designs, and useful designs (gross); income from sports competitions, art performances, and similar income (gross) | 5 | 20 |
| Income from betting games, gambling, and lotteries (gross) | 40 | 20 |
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