Standard

10%

Other

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:

Monthly

Mongolia Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Mongolia are required to start collecting and remitting tax.

Registration:

Mandatory

MNT50 million (annual taxable turnover)

Voluntary

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.