Minimum monthly wage increases in 2017

Jan 11, 2017

According to the Resolution of Minister of Labour dated April 20, 2016, the minimum wage level will be increased to MNT 240,000 per month effective from 1 January 2017.

The current minimum wage level  is MNT 192,000 per month and it was last adjusted in September 2013.

In particular, this change will affect the following items:

  • the cap for employees’ social insurance contribution will change
  • the administrative penalties for tax violations will increase.

Contact us

Tsendmaa Choijamts
Tax Executive Director
Tel: +976 70009089
Email

Maryna Tarnavska
Tax Manager
Tel: +976 70009089
Email

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