Following good, products, and services are imposed of excise taxes in Mongolia:
- Alcohol
- Tobacco
- Petroleum products
- Passenger vehicles
- Gaming equipment and activities
Businesses are entitled to key exemptions for goods produced locally for export, duty-free alcohol and tobacco, snuff tobacco and hybrid automobiles. Different rates are set depending on the product type and the rate is higher for imports. Up until 23 January 2015, flat rates for excise tax duties were set in USD per unit of product. The Excise Tax Law was amended on the mentioned date and excise duties are set in MNT.
