Value added tax

Who is Tax Payer?

 An entity that imports or exports goods and citizen and legal entity that produces or sells goods, performs work, or provides services in the territory of Mongolia shall be a value-added taxpayer.

Taxable income

  • All types of goods sold in the territory of Mongolia;
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  • All types of goods exported for the purpose of sale, consumption, or use outside the territory of Mongolia;
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  • All types of goods imported for the purpose of sale, consumption, or use in the territory of Mongolia;
    •  
  • Work performed and services provided in the territory of Mongolia.

 

Tax rates

 Value-added tax rate shall be 10 percent of the taxable amount of goods imported, produced or sold, work performed, or services provided.

Value-added tax shall be imposed on goods, work, or services specified in article 12 of Value added Tax law shall zero (“0”).

 

Timeframe for tax reporting

  • The time of imposition of value-added tax on income of a person or legal entity registered as a taxpayer shall commence on the day of the certificate issued by the tax authority.

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