Ulaanbaatar

Salary from a foreign employer or fees from foreign clients

Taxed10% up to MNT 120 million a year, 15% to MNT 180 million, 20% above; freelance profit 10% flat

Residents are taxed on income earned abroad as well as in Mongolia (Personal Income Tax Law, Article 6.1). Salary under an employment contract with any employer is taxed on a progressive scale. It is 10% on annual taxable income up to MNT 120 million, then MNT 12 million plus 15% of the part from MNT 120 million to MNT 180 million, then MNT 21 million plus 20% of the part above MNT 180 million (Article 21.1 as worded in November 2022, in force since 2023 and upheld by the Constitutional Court in May 2025). Social-insurance contributions are deducted first (Article 14.1). A foreign employer withholds nothing, so you report the salary yourself after the year ends (Article 26.1.4). Fees from foreign clients count as business income. The profit after documented costs pays a flat 10%, which you pay by the 15th of the following month (Articles 8, 15.1, 21.2.4 and 26.1.1), or you can ask to pay 1% of turnover (see regimes). Tax paid abroad is credited up to the Mongolian tax on that income (Article 24). A tax treaty with your home country may change the result. The law does not clearly say whether a non-resident's pay for work physically done in Mongolia for a foreign employer is 'income earned in Mongolia'. If it is, a non-resident owes a flat 20% on it (Articles 6.2 and 21.2.5), and such income could also make you resident under the 50% test. From 2027 an amendment of June 2026 adds a 0% band on the first MNT 9,504,000 of salary, and from 2028 a 1% band up to MNT 24 million. This profile did not check whether a foreigner paid only from abroad owes Mongolian social insurance.

On the nomad visa

Mongolia has no digital nomad or remote-work visa. Its visa categories cover official, investor, work, study, family, immigration, private, religious and tourist stays. Citizens of the United States can visit visa-free for up to 90 days, and those of Canada, Germany, Japan and Singapore for up to 30 days. Citizens of 34 countries, including most of the EU, the United Kingdom, Switzerland, Norway, Australia and New Zealand, were temporarily exempted for tourist stays of up to 30 days in 2023–2026. Check whether that exemption continues into 2027. A short stay will not reach 183 days, so you remain a non-resident taxed only on Mongolian income.

Dividends, interest, gains, rent and pensions from abroad

Taxed10% flat; 2% of the sale price of real estate

A resident's investment income from anywhere is taxed at a flat 10%, not on the salary scale (Personal Income Tax Law, Article 21.2.4). Dividends, interest and royalties are taxed on the gross amount, and rent after documented costs (Article 16.1). Gains on shares, securities and other financial instruments are taxed on the sale price minus what you paid (Article 17.1.3). Real estate is different: the sale pays 2% of the gross price, whatever the gain (Articles 17.1.1 and 21.2.1). Foreign dividends, interest and property sales are reported after the year ends (Articles 26.1.2–26.1.3). Rent and share gains are self-assessed by the 15th of the following month (Article 26.1.1). Mongolian banks withhold 10% on deposit interest (Article 25.2). Interest on Mongolian government, Ulaanbaatar city and Development Bank bonds is exempt (Article 22.1.5). Dividends and interest on shares and bonds of Mongolian companies traded openly on an exchange are taxed at 5% (Article 21.5). Tax on gains from Mongolian-listed bonds and shares is cut by 90% until 2034 (Article 23.17). The law has no specific rule for foreign pensions or crypto-assets. Article 22.1.1 exempts only pensions paid under Mongolian legislation, so check how a pension from abroad would be treated before you rely on it.

Net wealth and inheritance

No wealth taxNo inheritance tax

Mongolia has no net wealth tax. The General Tax Law's list of taxes (Article 7.2) includes an 'inheritance and gift tax' (7.2.22), but no law setting that tax appears among the tax laws the Mongolian Tax Administration publishes, and this profile found none. The Personal Income Tax Law does not list gifts or inheritances from individuals as taxable income (Article 6.3), though gifts from an employer count as salary. Owners of real estate, including foreigners, pay an annual immovable property tax of 0.6%–2% of the registered value, set by the local council, by 15 February (Immovable Property Tax Law, Articles 4, 6.1 and 8.3). Homes owned by individuals get an exemption, which in Ulaanbaatar covers up to two homes per owner (Article 7.1.2). Selling real estate costs the seller 2% of the price in income tax.

Tax resident after

183 days a year

Top income tax rate

20%

When you become tax resident

Under Article 5.3 of the Personal Income Tax Law you are a resident taxpayer if either test is met, applied in this order (Article 5.4): you were in Mongolia for 183 days or more in total in any continuous 12-month period, or 50% or more of your taxable income was earned in or sourced from Mongolia. Days are counted in calendar days from the day you cross the border. Several visits are added together, and the count covers both the current and the previous tax year (Articles 5.7–5.8). Someone whose work contract or permit shows they will work in Mongolia for 183 days or more can register as resident at the start (Article 5.10). The law has no home, domicile or citizenship test. On a 30- or 90-day visa-free stay you will normally not reach 183 days, so you stay a non-resident who is taxed only on income earned in or sourced from Mongolia.

Top income tax rate

Ulaanbaatar, the largest city. Mongolia has no regional or city income tax, so the national rate applies everywhere. The 20% rate covers employment income above MNT 180 million a year, about MNT 15 million a month (Personal Income Tax Law, Article 21.1). Business and investment income pays 10% flat, and non-residents pay a flat 20% on Mongolian income.