# Mongolia: taxes, residence and cost of living Source: https://domicile.wiki/places/mongolia/ (domicile.wiki, researched 2026-10-15). Data licence CC BY-SA 4.0. Research, not tax or legal advice. ## At a glance For an EU-citizen family of five living off a EUR 30M portfolio (the guide's default reader). - Score for a wealthy family: 60 / 100 - Tax on a €30M portfolio: €99,600 a year - Wealth tax: none - Children inherit: tax-free - EU member: no - Currency: MNT - Capital: Ulaanbaatar ## Tax on investments, inheritance and wealth 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%. - **Mongolia tax residence**: Flat 10% on gains and dividends; no wealth or inheritance tax. ## Inheritance law and trusts A will must leave at least two thirds of the inheritance to the testator's children (including disabled and posthumous), disabled spouse and parents who would be heirs (Civil Code art. 522.3). Inheritance is governed by the law of permanent residence, and Mongolian law governs Mongolian land. I found no trust law, and foundations are for public benefit. ## Daily life (0-100, higher is better) - Safety and personal security: 49 - Political and institutional stability: 53 - Corruption and government integrity: 35 - Legal system and property rights: 50 - Healthcare quality and access: 54 - Education quality: 31 - Human development and quality of life: 49 - Infrastructure and connectivity: 60 - Business opportunities and economy: 52 - Cultural fit and lifestyle: 12 ## 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)](https://taxsummaries.pwc.com/mongolia/individual/income-determination) - [Mongolia - Individual - Taxes on personal income (last reviewed 8 Jun 2026)](https://taxsummaries.pwc.com/mongolia/individual/taxes-on-personal-income) - [Mongolia - Corporate - Withholding taxes](https://taxsummaries.pwc.com/mongolia/corporate/withholding-taxes) - [Mongolia - Individual - Foreign tax relief and tax treaties](https://taxsummaries.pwc.com/mongolia/individual/foreign-tax-relief-and-tax-treaties) - [Mongolia - Individual - Other taxes (last reviewed 8 Jun 2026)](https://taxsummaries.pwc.com/mongolia/individual/other-taxes) - [Mongolia - Individual - Residence (last reviewed 8 Jun 2026)](https://taxsummaries.pwc.com/mongolia/individual/residence) - [Mongolia - Corporate - Taxes on corporate income](https://taxsummaries.pwc.com/mongolia/corporate/taxes-on-corporate-income) #### Change log - 2026-10-15: initial research. ## Residence and succession sources - [HCCH status table: Convention of 1 July 1985 on the Law Applicable to Trusts and on their Recognition](https://www.hcch.net/en/instruments/conventions/status-table/?cid=59) — Hague Conference on Private International Law - [Civil Code of Mongolia (2002), English translation](https://landwise-production.s3.amazonaws.com/2022/03/Mongolia_Civil-code_2002-1.pdf) — Government of Mongolia (translation)