WorldTax Compareโ† All Comparisons

Singapore vs Mongolia
Tax Rate Comparison

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

๐Ÿ‡ธ๐Ÿ‡ฌ Singapore
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€“24%
Stable; top bracket review under consideration
No change
10โ€“25%
25% top; fiscal windfall from mining
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
9%
No further GST increases planned
No change
10%
10% stable
No change
Corporate Tax Rate
Corporate Tax Rate
17%
Global Minimum Tax compliance ongoing
No change
10โ€“25%
25% large companies; mining fiscal regime key
No change
Capital Gains Tax
Capital Gains Tax
0%
No capital gains tax
No change
10%
10% maintained
No change
Social Security & Payroll
Social Security / Payroll
37%
CPF adequacy review; contribution rates stable
No change
~19.8%
Coverage expanding; pension reform
No change
State, Regional & Local Taxes

๐Ÿ‡ธ๐Ÿ‡ฌ Singapore โ€” City-State โ€” No Sub-National Variation

As a city-state, Singapore has no states or regions to create tax variation. Property tax is levied at progressive rates (0โ€“32% owner-occupied; 12% investment/commercial). CPF (Central Provident Fund) contributions serve as combined social security and retirement savings. There is no inheritance tax or capital gains tax.

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.

Singapore vs Mongolia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia has a higher top income tax rate (0โ€“24% vs 10โ€“25%). ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Mongolia has a higher consumption tax (9% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore offers a lower corporate rate (17% vs 25%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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