Mongolia

Individual - Other taxes

Last reviewed - 30 December 2019

Social insurance taxes

Citizens of Mongolia, foreign citizens, and stateless persons employed on a contract basis by all types of economic entities, organisations, civil servants, religious or other organisations, and foreign economic entities carrying out activities in Mongolia are subject to the following compulsory social insurance taxes:

Currently, the employer’s contribution varies from 11% to 13%, depending on the industry, while the employee’s contributions are taxed at a rate of 10%, capped at 240,000 Mongolian tugrik (MNT) per month.

Social insurance tax Employer rate (%) Employee rate (%)
Pension insurance 7.0 7.0
Benefit insurance 0.8 0.8
Health insurance 2.0 2.0
Industrial accident and occupational disease insurance 1.0 to 3.0 0
Unemployment insurance 0.2 0.2

Consumption taxes

Value-added tax (VAT)

A VAT at the rate of 10% is imposed on the supply of taxable goods and services in the territory of Mongolia and on imports into Mongolia. International postal parcel that was sent under the name of an individual, the value of which does not exceed ten times the minimum monthly wages (for notebook not exceeding 30 times the minimum monthly wages), and that comprises of not more than two similar goods is exempted from VAT and customs duty. See the Other taxes section in the Corporate tax summary for more information.

Net wealth/worth taxes

There are no net wealth/worth taxes in Mongolia.

Inheritances, estate, and gift taxes

There are no inheritance, estate, or gift taxes in Mongolia.

Immovable property tax

Immovable property tax is an annual tax that varies from 0.6% to 1%, depending on location of the property and the decisions made by the local representatives’ committee, on the value of the immovable property that is owned. Buildings and facilities built and registered in the Free Trade Zones (FTZs) are fully exempted from the immovable property tax. See the Other taxes section in the Corporate tax summary for more information.

Customs duty

A flat customs tariff of 5% applies with respect to most goods imported into Mongolia, except for information technology and medical equipment and pure-bred livestock, which are zero rated. See the Other taxes section in the Corporate tax summary for more information.

Stamp duty

Under the Law of Mongolia on State Stamp Duties, there are 44 types of activities subject to stamp duties. See the Other taxes section in the Corporate tax summary for more information.