Asia-Pacific · Tax guide
Mongolia
Mongolia taxes company profits at 10% up to ₮6 billion of taxable income, 25% above, lets small businesses pay 1% of revenue instead, and charges VAT at 10% once turnover exceeds ₮400,000,000. Taxes are administered by the General Department of Taxation.
At a glance
- Corporate income tax
- 10% up to ₮6 billion of taxable income, 25% above
- Small business tax
- 1%
- VAT
- 10%
- Withholding on payments abroad
- 20%
By taxable income
Of revenue
Registration above ₮400,000,000
Before treaty relief
Corporate income tax
Companies pay 10% up to ₮6 billion of taxable income, 25% above. Small businesses can instead pay 1% of revenue. Returns are filed quarterly and annually.
VAT and e-Barimt
VAT is 10%. Registration is required once turnover exceeds ₮400,000,000; receipts are issued through the e-Barimt system.
Payments abroad
Payments to non-residents carry 20% withholding, unless a treaty lowers it.
Key dates
- QuarterlyCorporate income tax return
- MonthlyVAT return
Figures and sources
5 figures- Corporate income tax rates10% up to ₮6 billion of taxable income, 25% aboveUnder professional review
- Tax on revenue for small businesses with revenue up to ₮300 million1%Under professional review
- VAT rate10%Under professional review
- Annual turnover above which VAT registration is required₮400,000,000Under professional review
- Withholding on payments to non-residents20%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Mongolia based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Mongolia (a Mongolian tax adviser) before making compliance decisions.