Understanding corporate income tax and other business taxes in Mongolia is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, including VAT, personal income tax, social security contributions, customs duties, and excise taxes. It is advisable to consult with a tax professional or refer to the official website of the Mongolian Tax Authority for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with Mongolian tax laws and contribute to the growth and development of the country's economy while navigating the unique opportunities and challenges Mongolia presents.
Mongolia imposes corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in Mongolia is a flat rate of 25%. This rate applies to both resident and non-resident companies engaging in commercial, industrial, or professional activities in the country.
For comprehensive and up-to-date information on business taxes in Mongolia, it is recommended to visit the official website of the Mongolian Tax Authority.
Mongolian Tax Authority Website: Official Mongolian Tax Authority Website