Mongolia

Paying Taxes in

Mongolia

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Employer paid- Social insurance contributions 12 63 11% gross salaries 12.4
Corporate income tax 12 57 10% (25% for taxable profit exceeding 3 bn togrogs) taxable profits 10.2
Property transfer tax 0 paid jointly 2% gross sales price 1.2
Property tax 1 0.6% property value 0.6
Vehicle tax 4 varies up to MNT 100,000) 0.2
Interest tax 0 paid jointly 10.0% interest income included in other taxes
Value added tax (VAT) 12 72 10% value added and land sale not included
Totals: 41 192 24.6
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