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Nicaragua vs Mongolia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua
vs
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“30%
30% top; economic stability fragile
No change
10โ€“25%
25% top; fiscal windfall from mining
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
IVA 15% maintained
No change
10%
10% stable
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30% IR maintained
No change
10โ€“25%
25% large companies; mining fiscal regime key
No change
Capital Gains Tax
Capital Gains Tax
15%
15% CGT
No change
10%
10% maintained
No change
Social Security & Payroll
Social Security / Payroll
~25.25%
INSS reform pending
No change
~19.8%
Coverage expanding; pension reform
No change
State, Regional & Local Taxes

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua โ€” Municipal Taxes

Nicaragua's 153 municipalities levy the Impuesto de Matrรญcula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.

๐Ÿ‡ฒ๐Ÿ‡ณ 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%โ€“5% on coal, 2.5% on strategic deposits) are national. A new mining law has updated fiscal terms.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Nicaragua vs Mongolia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua has a higher top income tax rate (0โ€“30% vs 10โ€“25%). ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Nicaragua has a higher consumption tax (15% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia offers a lower corporate rate (25% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia taxes investment gains at a lower rate (10% vs 15%), benefiting investors.

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