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:
|Breaks||Annual salary (MNT)||Applicable tax rate for annual income (MNT)|
|2||18 million-30 million||1,800,000 + 15% of the annual income exceeding 18 million|
|3||30 million -42 million||3,600,000 + 20% of the annual income exceeding 30 million|
|4||> 42 million||6,000,000 + 25% of the annual income exceeding 42 million|