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Mongolia
Individual - Taxes on personal income
Last reviewed - 31 January 2023A 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 |
20 |
| More than 180 million (more than 15 million per month) |
21 million MNT plus 20% on income exceeding 180 million MNT |
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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