Mongolia

Research notes

Mongolia — family-office tax dossier

Last reviewed: 2026-10-15 Tax year: 2026 Reviewer: research agent (Claude), unreviewed by a tax adviser

Summary

Mongolia taxes residents' income from property at flat rates: 10% on net capital gains from securities and 10% on dividends and interest (5% for shares of local listed companies), 2% of gross proceeds on real estate sales. Foreign tax is credited. No wealth, inheritance or gift tax; annual immovable property tax of 0.6% to 2%. Corporate tax 10%/25%.

Residence and eligibility

Resident if present 183+ days in 12 consecutive months, or if 50% or more of total taxable income is earned in Mongolia (PwC).

• Residence permit (investor/permanent) (EU, US, OTHER): Foreigners need a residence permit from the Immigration Agency; an investor category exists. Terms and amounts not verified.

Capital gains

Income from the sale of movable property, including securities, is taxed on a net basis at 10% for residents (Personal Income Tax Law; PwC). Sale of immovable property is taxed at 2% of gross proceeds.

• Rate basis: Flat 10% on net gains from securities (domestic or foreign) and on shares of private companies. Local real estate 0.02 = 2% of gross proceeds (a higher share of the gain itself; recorded as the statutory rate). Foreign real estate not verified (null).
• Professional trader: Business income of individuals is taxed under separate rules; not analysed.
• Holding period: None found.
• Foreign assets: Residents are taxed on foreign income with a credit for foreign tax up to the Mongolian tax on that income.
• Confidence: medium (partially_verified), verified 2026-10-15.
• JSON numbers: headline 0.1; listed domestic 0.1, listed foreign 0.1, private business 0.1, local real estate 0.02, foreign real estate None.

Dividends

Dividends received by individuals are taxed at 10% (withheld at source when Mongolian-paid). A 5% rate applies to dividends on shares of local entities traded on local or international stock markets (excluding mining and petroleum licence holders). Foreign tax is credited.

• Rate basis: Flat 10% on dividends; domestic scored at 10% (5% only for listed local companies).
• Outbound WHT: 20% WHT on dividends paid to non-residents (treaty rates lower; 5% for listed local shares).
• Treaty network: About 26 treaties (PwC), including Germany, France, UK, Switzerland, Singapore; no treaty with the United States.
• Confidence: medium (partially_verified), verified 2026-10-15.
• JSON numbers: headline 0.1, domestic 0.1, foreign gross 0.1, credit method credit.

Inheritance and gifts to children

No inheritance, estate or gift tax (PwC).

• Gift tax: No gift tax (PwC). Income-tax treatment of gifts received not verified.
• Foreign assets: No tax on any asset.
• Domicile rules: Not relevant.
• Confidence: medium (partially_verified), verified 2026-10-15.
• JSON numbers: basis none, children fully_exempt, exemption 0, brackets none, other transfer cost 0.0.

Wealth tax

No net wealth tax (PwC).

• Property taxes: Annual immovable property tax of 0.6% to 2% of the value of owned property, set by local councils (PwC). Not a wealth tax.
• Confidence: high (partially_verified), verified 2026-10-15.
• JSON: type none.

Special regimes

None modelled. No special tax regime for newly arriving wealthy residents was found.

Company taxation (kept separate from personal tax)

CIT 10% on the first MNT 6 billion of taxable income and 25% above; 1% on revenue for small entities; dividends, interest and royalties taxed at 10% gross.

Free Trade Zones exempt buildings from immovable property tax.

Cost of living notes

No cost-of-living items were sourced in this pass.

US citizens: US citizens remain US-taxed; no US-Mongolia income tax treaty in force. Mongolian tax is creditable in principle.

Open questions

• Whether a gain on foreign real estate falls under the 2% gross rule or the 10% net rule was not verified.
• PwC states residents are taxed on income from property but the individual pages do not spell out worldwide scope; inferred from the foreign tax credit provision.
• Whether gifts or inheritances received by individuals count as taxable income under the PIT Law was not verified.

Sources

• Mongolia - Individual - Income determination (last reviewed 8 Jun 2026)
• Mongolia - Individual - Taxes on personal income (last reviewed 8 Jun 2026)
• Mongolia - Corporate - Withholding taxes
• Mongolia - Individual - Foreign tax relief and tax treaties
• Mongolia - Individual - Other taxes (last reviewed 8 Jun 2026)
• Mongolia - Individual - Residence (last reviewed 8 Jun 2026)
• Mongolia - Corporate - Taxes on corporate income

Change log

• 2026-10-15: initial research.