United Kingdom vs Mongolia
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.
๐ฌ๐ง United Kingdom โ Devolved, Council & Business Rates
Scotland sets its own income tax bands (six bands; top rate 48%). Wales has limited income tax-varying powers. Northern Ireland follows UK rates. All residents pay Council Tax to local authorities (typically ยฃ1,200โยฃ4,000+/year). Business rates are set nationally but collected locally. SDLT applies to property purchases (LBTT in Scotland, LTT in Wales).
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.
United Kingdom vs Mongolia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐ง United Kingdom has a higher top income tax rate (0โ45% vs 10โ25%). ๐ฒ๐ณ Mongolia is more favourable for high earners.
๐ VAT/Sales Tax: United Kingdom has a higher consumption tax (0โ20% vs 10%).
๐ข Corporate Tax: Corporate rates are similar in both countries (19โ25% vs 10โ25%).
๐ Capital Gains: ๐ฒ๐ณ Mongolia taxes investment gains at a lower rate (10% vs 24%), benefiting investors.