Which has higher taxes on income, profits and capital gains, Mongolia or Paraguay?

Paraguay, at 16.5% against 16.3% in Mongolia as of 2024.

How many years of comparable data are there for Mongolia and Paraguay?

19 years are reported by both, from 2006 to 2024.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Mongolia vs Paraguay: Taxes on income, profits and capital gains

Mongolia

16.3%

in 2024

Paraguay

16.5%

in 2024

Mongolia rank

116th

Paraguay rank

114th

Taxes on income, profits and capital gains over time

Mongolia
Paraguay

How they compare

Paraguay currently reports 16.5% against 16.3% in Mongolia, a difference of 0.2%.

The two have swapped places 9 times across 19 shared years of data; in 2006 it was Mongolia ahead.

Mongolia ranks 116th and Paraguay ranks 114th of 153 countries.

Across the 3 decades both report, Mongolia averaged higher in 2 and Paraguay in 1.

Head to head by decade

Decade	Mongolia	Paraguay	Difference	Ahead
2000s	26.8%	10.5%	16.3%	Mongolia
2010s	14.5%	12.2%	2.3%	Mongolia
2020s	13.7%	15.8%	2.1%	Paraguay

Averages of every year both report within each decade.

Frequently asked questions

Which has higher taxes on income, profits and capital gains, Mongolia or Paraguay?: Paraguay, at 16.5% against 16.3% in Mongolia as of 2024.
What is the difference in taxes on income, profits and capital gains between Mongolia and Paraguay?: 0.2%, with Paraguay ahead.
How many years of comparable data are there for Mongolia and Paraguay?: 19 years are reported by both, from 2006 to 2024.
How do Mongolia and Paraguay rank globally for taxes on income, profits and capital gains?: Mongolia ranks 116th and Paraguay ranks 114th of 153 countries.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Mongolia vs Paraguay: Taxes on income, profits and capital gains. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 September 2026, from https://public-sector.statizoid.com/compare/taxes-on-income-profits-and-capital-gains-percent-of-revenue/mongolia/paraguay/

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About this data

Indicator: Taxes on income, profits and capital gains (% of revenue)
Unit: % of revenue
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 194 places, 5,670 data points, 1972–2024
Last refreshed: 17 September 2026

Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.