DoubleTaxationTaxes on salary: Mongolia preliminary data
How much income tax and social contributions are paid on a salary in Mongolia, what a sole proprietor and a company pay, and which special regimes exist. Preliminary data.
Preliminary data: headline rates from official sources and bulletins of international organisations, without reliefs or special rules; being refined.
Calculation for a gross salary of €60,000 per year
| Gross salary | MNT 250,122,858 ≈ €60,000 |
|---|---|
| Income tax | MNT 32,838,652 ≈ €7,877 |
| Employee contributions | MNT 10,929,600 ≈ €2,622 |
| Take-home pay | MNT 206,354,607 ≈ €49,501 |
| Employer contributions and payroll taxes | MNT 29,264,374 ≈ €7,020 |
| Employer's labour cost | MNT 279,387,233 ≈ €67,020 |
Only some of the country's direct taxes and levies are counted: income tax on wages and compulsory contributions. Not counted: property and real-estate taxes; taxes on dividends, interest and other investment income; inheritance and gift taxes; indirect taxes such as VAT, excise and customs duties.
Taxes for sole proprietors and companies
Tax and contributions on the profit for a year; expenses are 10% of revenue, the company pays its profit out to the owner. Reliefs and local taxes are not included.
| Annual revenue | €30,000 MNT 125,061,429 | €60,000 MNT 250,122,858 | €120,000 MNT 500,245,716 |
|---|---|---|---|
| Company | MNT 21,385,504 19.0 % | MNT 42,771,009 19.0 % | MNT 85,542,017 19.0 % |
| Sole proprietor · Turnover-based personal income tax for individual business income (PIT Law art. 15.6, 21.3) | MNT 1,250,614 1.1 % | MNT 2,501,229 1.1 % | MNT 5,002,457 1.1 % |
Special tax regimes
There are no special regimes for individuals.
Tax residence
The tax residence check does not cover Mongolia yet.
Assumptions
- Calculated with the OECD Taxing Wages methodology: income tax including local taxes plus employee social security; single person without children, tax year 2026, ECB rate of 2 January 2026.
- Exchange rate: 1 EUR = 4168.714302 MNT (Bank of Mongolia — official exchange rate of the togrog against the US dollar, 2026-01-02) ↗
Sources
- Unified Legal Information System (legalinfo.mn) — Personal Income Tax Law (revised 2019, consolidated)
- Unified Legal Information System — Corporate Income Tax Law (revised 2019, consolidated)
- Unified Legal Information System — Law on Social Insurance (art. 15 contribution rates, as amended 11 June 2021)
- Unified Legal Information System — Government Resolution No. 251 of 2017 on the maximum monthly wage for social insurance contributions
- Bank of Mongolia — foreign exchange rate movements
- Mongolian Tax Administration — Personal Income Tax manual for individual taxpayers (Tax Education 2022): progressive rates and credit table
- Mongolian Tax Administration — salary tax calculator (deducts social insurance before taxable income)
- Government of Mongolia portal — minimum wage raised from MNT 792,000 to 1,000,000 from 1 Jan 2027
- Ministry of Labour and Social Protection — minimum wage MNT 792,000 from 1 Apr 2025
Data checked: 2026-11-08. An indicative calculation for a typical case. Not tax advice.