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Mongolia: Taxes and Costs

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Mongolia has high income
taxes for non-residents

INDIVIDUAL TAXATION

Non-residents are taxed on their Mongolian-sourced income. Married couples are assessed and taxed separately.

INCOME TAX

Non-resident individuals are subject to the same withholding tax rates as non-resident companies. Income of non-resident individuals is taxed at a flat withholding tax rate of 20%.

RENTAL INCOME
Rental income earned by non-resident individuals is taxed at a flat rate of 20%, withheld by the tenant.

CAPITAL GAINS
Capital gains realized by non-resident individuals from selling real property is considered as ordinary income and taxed at the standard rate of 20%.

PROPERTY TAX

Property Tax

Property tax is levied on Mongolian real property. Property tax is levied at 0.6% on the property value is that registered with the government registration authority. If the property is unregistered, the tax base is the property’s insured value. If the property is both unregistered and uninsured, the tax is levied on the property’s accounting value.

Mongolia - more data and information

• Guide to buying houses and registering property sales in Mongolia

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