Mongolia — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
Mongolia's general VAT rate is 10%, with other rates including 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Ministry of Finance of Mongolia (https://www.mof.gov.mn/) in Ulan Bator.
Mongolia's consumption tax is called the Value-added tax (VAT), locally known as VAT, which was introduced in July 1998.
Mongolia VAT rates for 2023
- Zero-rated and exempt
Mongolia VAT number format
Businesses in Mongolia that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Ministry of Finance of Mongolia, and will follow a certain format. The VAT number format is Tax identification number (TIN) with 7 digits.
Mongolia VAT return periods
Businesses in Mongolia that are required to collect tax from consumers must file regular tax returns with the Ministry of Finance of Mongolia in Ulan Bator. Mongolia's VAT return periods are:
Mongolia Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Mongolia are required to start collecting and remitting tax.
- MNT50 million (annual taxable turnover)
- MNT10 million
Recovery of VAT by non-established businesses
Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Mongolia are not required to collect taxes from the consumer.
Mongolia VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Mongolia VAT refund program, more info can be obtained from the Ministry of Finance of Mongolia.
Mongolia Tax Sources & Citations
- EN: Mongolia Value Added Tax
- RU: НДС
- CN: 增值税
- Mongolia Ministry of Finance of Mongolia (1)
- Ernst & Young global VAT tax study, Mongolia (updated 2023)
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