Significant changes to the tax and customs laws

May 31, 2017

On 14 April 2017, the Parliament of Mongolia passed an economic stimulus law that makes a number of important changes to the tax and customs laws.

The final text of the law was published on 28 April 2017. The major issues include the following:

  1. Personal income tax
    1. Employment income is taxable at the rate of 10, 15, 20 or 25%, depending on the income level:
Breaks Annual salary (MNT) Applicable tax rate for annual income (MNT)
1 <18 million 10% 
18 million-30 million 1,800,000 + 15% of the annual income exceeding 18 million
30 million -42 million 3,600,000 + 20% of the annual income exceeding 30 million
> 42 million 6,000,000 + 25% of the annual income exceeding 42 million

Contact us

Tsendmaa Choijamts
Tax Executive Director
Tel: +976 70009089
Email

Maryna Tarnavska
Tax Manager
Tel: +976 70009089
Email

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