Mongolia: Income and profits taxes

The latest value from 2021 is 20.6 percent, an increase from 15.44 percent in 2020. In comparison, the world average is 28.52 percent, based on data from 117 countries. Historically, the average for Mongolia from 1992 to 2021 is 21.98 percent. The minimum value, 8.42 percent, was reached in 1999 while the maximum of 47.97 percent was recorded in 1993. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.