Mongolia vs Belgium
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฒ๐ณ Mongolia โ Aimag & Municipal Taxes
Mongolia's 21 aimags (provinces) and Ulaanbaatar city have provincial and local administrations that collect property taxes, vehicle taxes, and business licence fees within national frameworks. The General Department of Taxation (GDT) administers all national taxes. Mongolia's economy is dominated by mining (coal, copper, gold) with Erdenet, Tavan Tolgoi, and Oyu Tolgoi being major revenue sources. Mining royalties (5%โ5% on coal, 2.5% on strategic deposits) are national. A new mining law has updated fiscal terms.
๐ง๐ช Belgium โ Regional & Municipal Income Taxes
Belgium's 3 regions (Flanders, Wallonia, Brussels) and 589 municipalities each add centimes additionnelles (additional centimes) to federal income tax. Municipal rates range from 0% to 9.5% of federal income tax, averaging ~7%. Flanders, Wallonia, and Brussels have differing property tax (prรฉcompte immobilier) rates and housing policy incentives. The withholding tax on investment income (prรฉcompte mobilier) is federal at 30%. Belgium has no inheritance tax at federal level โ it's regional.
Mongolia vs Belgium: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ง๐ช Belgium has a higher top income tax rate (10โ25% vs 25โ45%). ๐ฒ๐ณ Mongolia is more favourable for high earners.
๐ VAT/Sales Tax: Belgium has a higher consumption tax (10% vs 6โ21%).
๐ข Corporate Tax: Corporate rates are similar in both countries (10โ25% vs 25%).
๐ Capital Gains: ๐ฒ๐ณ Mongolia taxes investment gains at a lower rate (10% vs 33%), benefiting investors.