Mongolia Tax Tables 2019 - Tax Rates and Thresholds in Mongolia
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This page contains the tax table information used for the calculation of tax and payroll deductions in Mongolia in 2019. These tax tables are used for the tax and payroll calculators published on iCalculator™ MN, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Mongolia or would like to add to or suggest amendments to the information herein then please contact us.
2019 Tax Tables [Quick Links]
Related Calculators
Mongolia Personal Income Tax Tables in 2019
The Income tax rates and personal allowances in Mongolia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Mongolia Tax Calculator 2019.
Mongolia Residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 10% | Flat rate on all taxable income |
Mongolia Non-residents Income Tax Tables in 2019
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 20% | Flat rate on all taxable income |
In Mongolia, social security contributions made by employees are deductible from their gross income for the purposes of calculating taxable income. This means that the amounts contributed towards social security by employees can reduce their taxable base, potentially lowering the amount of personal income tax owed. This provision supports the financial well-being of employees by allowing them to benefit from their contributions to the social security system while also enjoying a reduction in their tax liability.
Mongolia Social Security and Payroll Deduction Rates in 2019
In Mongolia, the social security system is a comprehensive framework designed to provide financial protection and support to employees across various life events, including retirement, health issues, work-related injuries, and unemployment. The system is funded through contributions from both employers and employees, covering several key programs to ensure the well-being of the workforce and their families.
Mongolia Social Security in 2019: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Pension Insurance | 8.5% | 8.5% | 17% |
| Benefit Insurance | 0.8% | 1% | 1.8% |
| Health Insurance | 2% | 2% | 4% |
| Unemployment Insurance | 0.2% | 0.5% | 0.7% |
| Industrial Accident and Occupational Disease Insurance | 0% | 2.5% | 2.5% |
Mongolia Social Security and Payroll Deduction in 2019: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Pension Insurance | n/a | ₮ 7,590,000.00 | n/a | ₮ 7,590,000.00 |
| Benefit Insurance | n/a | ₮ 7,590,000.00 | n/a | ₮ 7,590,000.00 |
| Health Insurance | n/a | ₮ 7,590,000.00 | n/a | ₮ 7,590,000.00 |
| Unemployment Insurance | n/a | ₮ 7,590,000.00 | n/a | ₮ 7,590,000.00 |
| Industrial Accident and Occupational Disease Insurance | n/a | n/a | n/a | ₮ 7,590,000.00 |
Mongolia VAT Rates in 2019
VAT rates for Mongolia are reviewed annually, you can use the VAT Calculator to calculate VAT due in Mongolia or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Mongolia VAT Rates| VAT Rate | VAT Description |
|---|
| 10% | Standard Rate |
Historic Tax Tables supported for Mongolia
The following tax tables are supported by iCalculator™ MN as part of the suite of free tax tools we provide for Mongolia.