Tax and social insurance matters
The Investment and Trade Agency provides enterprises and investors with information and guidance related to taxation and social insurance in Mongolia.
General Overview
Enterprises and organizations operating in Mongolia are required to comply with tax and social insurance laws and regulations and complete the relevant registrations.
Types of Taxes
Enterprises are subject to the following main taxes:
- Corporate Income Tax
- Value Added Tax (VAT)
- Personal Income Tax
- Customs Duty and Excise Tax (where applicable)
Social Insurance
Employers and employees are required to participate in the social insurance system which includes:
- Pension Insurance
- Health Insurance
- Unemployment Insurance
- Insurance for Occupational Accidents and Occupational Diseases
Registration and Reporting
- Enterprises must register with the tax authority and obtain a taxpayer identification number.
- Enterprises must register with the social insurance authority.
- Tax and insurance reports must be submitted regularly and payments must be made within the required deadlines.
Important Notes
- Pay taxes and social insurance contributions within the legally prescribed deadlines.
- Submit accurate tax and insurance reports.
- Ensure that employees are fully covered by social insurance in accordance with employment contracts.
Support and Services
The Investment and Trade Agency provides:
- Information and guidance on taxation and social insurance matters
- Assistance in connecting with relevant authorities
- Support for business operators and investors
