Individual - Taxes on personal income

Last reviewed - 31 January 2023

A resident taxpayer of Mongolia refers to an individual who meets any of the following conditions;

  • Resided in Mongolia for 183 days or more within a period of continuous 12 months
  • 50 or greater percent of gross taxable income is composed of income earned in Mongolia or income sourced from Mongolia.

A 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
0-120 million
(0-10 million per month)
10 20
120-180 million
(10-15 million per month)
12 million MNT plus 15% on income
exceeding 120 million MNT
More than 180 million
(more than 15 million per month)
21 million MNT plus 20% on income
exceeding 180 million MNT

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