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Taxation

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Intention of this section is to provide useful indicators for the types of taxes and charges levied on companies in Mongolia. This information is not extensive and is subject to change in tax law. To ensure your information is complete and up to date, local advice should be sought.

Personal Income Tax

The Personal Income Tax Law of Mongolia (the Personal Tax Law) regulates…
Tavan Tolgoi mining

Mining royalties

Under the Mongolian Mineral Law, royalties are payable on the sale of…

General Tax Law

Overview The purpose of the Mongolian General Tax Law (the Tax Law)…

Customs duty

Imports The Mongolian Tax Authorities is liable for enforcing the laws and…

Excise taxes

Following good, products, and services are imposed of excise taxes in Mongolia:…

Immovable property tax

Land and other immovable property are levied with immovable property tax with…

VAT

Overview A VAT withholding agent may be a foreign legal entity, individual,…

Tax incentives

A small number of tax incentives are available for companies operating in…

Double tax agreements

Double taxation agreements (DTAs) of various jurisdictions are recognized in Mongolia, including…

Transfer pricing

When affiliated parties make transactions, fair value must be set for tax…