Taxes on income, profits and capital gains in Mongolia
Mongolia: Taxes on income, profits and capital gains was 32.7% in 2024. ▼ Falling
Taxes on income, profits and capital gains in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
Mongolia recorded 32.7% for taxes on income, profits and capital gains in 2024.
The figure is up 17.4% on the previous year and up 51.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Mongolia peaked at 55.1% in 1993 and was at its lowest, 13.1%, in 1999.
Mongolia ranks 93rd of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Taxes on income, profits and capital gains in Mongolia, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1992 | 33.6% | — |
| 1993 | 55.1% | +64.1% |
| 1994 | 48.9% | -11.3% |
| 1995 | 54.2% | +10.7% |
| 1996 | 41.1% | -24.1% |
| 1997 | 42.8% | +4.1% |
| 1998 | 24.0% | -43.9% |
| 1999 | 13.1% | -45.6% |
| 2000 | 21.0% | +61.1% |
| 2001 | 13.7% | -35.1% |
| 2002 | 22.2% | +62.3% |
| 2003 | 28.2% | +27.3% |
| 2006 | 46.7% | +65.5% |
| 2007 | 24.3% | -47.9% |
| 2008 | 52.4% | +115.6% |
| 2009 | 36.0% | -31.4% |
| 2010 | 42.6% | +18.4% |
| 2011 | 24.7% | -41.9% |
| 2012 | 20.5% | -17.0% |
| 2013 | 21.9% | +6.7% |
| 2014 | 21.7% | -1.0% |
| 2015 | 25.3% | +16.7% |
| 2016 | 19.1% | -24.3% |
| 2017 | 25.4% | +32.5% |
| 2018 | 29.4% | +16.1% |
| 2019 | 31.8% | +8.2% |
| 2020 | 26.5% | -16.8% |
| 2021 | 30.1% | +13.8% |
| 2022 | 27.5% | -8.9% |
| 2023 | 27.9% | +1.6% |
| 2024 | 32.7% | +17.4% |
Mongolia compared with similar countries
- Mongolia's 32.7% is below the median for upper middle income countries, which is 37.1%, 88% of the median. (48 countries reporting)
- Mongolia's 32.7% is below the median for East Asia & Pacific, which is 39.9%, 82% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39.1% | 13.1% | 55.1% | 8 |
| 2000s | 30.6% | 13.7% | 52.4% | 8 |
| 2010s | 26.2% | 19.1% | 42.6% | 10 |
| 2020s | 28.9% | 26.5% | 32.7% | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.8737 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -88 % change on previous year (2022)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 51.31 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0076 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 62.24 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 180.84 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1.93 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is taxes on income, profits and capital gains in Mongolia?
- Taxes on income, profits and capital gains in Mongolia was 32.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Mongolia?
- The highest recorded value was 55.1% in 1993.
- What is the lowest taxes on income, profits and capital gains recorded in Mongolia?
- The lowest recorded value was 13.1% in 1999.
- How does Mongolia rank for taxes on income, profits and capital gains?
- Mongolia ranks 93rd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Mongolia?
- Over the last ten years it is up 51.2%. The long-run trend across the full record is falling.
- Where does this Mongolia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of total taxes). Statizoid updates them automatically from the source API.
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About this data
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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.