An awards ceremony honoring outstanding taxpayers was held today at the State Palace.

Speaking at the event, Prime Minister Uchral Nyam-Osor stated that the Government is pursuing policies aimed at reducing the tax burden, establishing a fair tax system, supporting wealth creators, increasing employment, and expanding the economy. He expressed gratitude to the country’s leading taxpayers for their valuable contribution to national development.

The Prime Minister noted that one month has passed since the formation of the new Government and emphasized that every Cabinet meeting has adopted decisions supporting taxpayers, entrepreneurs, and wealth creators. He also introduced the draft amendments to the Tax Law submitted by the Government.

Under the Corporate Income Tax Law:

The tax bracket will be eased by increasing the threshold for the 25% tax rate from MNT 6 billion to MNT 10 billion, while introducing a 15% tax rate for income between MNT 6 and MNT 10 billion. The revenue threshold eligible for a 90% tax reduction will be raised to MNT 2.5 billion, thereby supporting more businesses.

Under the Value-Added Tax (VAT) Law:

The VAT payer registration threshold will be set at MNT 400 million, and taxpayers will be allowed to defer VAT payments on imported goods for up to two months.

Under the Personal Income Tax Law:

Taxes imposed on monthly income up to MNT 792,000 will be fully refunded to protect real income. A simplified regime introducing a 1% tax rate for business income up to MNT 1 billion will also be implemented. In addition, citizens selling privately owned housing will be exempt from real estate sales tax, encouraging improved living conditions through tax policy support.

Under the General Tax Law:

In addition to reducing tax burdens, the draft amendments aim to create a fairer and more flexible tax environment by extending the period for correcting tax reports to 24 months, allowing businesses and citizens to rectify reporting errors.

During the ceremony, awards were presented to 50 enterprises and organizations that had made significant contributions to the state budget revenues.

I. Top 10 Taxpayers by Tax Contribution

Erdenet Mining Corporation SOE

Erdenes Tavan Tolgoi JSC

Oyu Tolgoi LLC

Mongoliin Alt MAK LLC

Khan Bank JSC

Energy Resources LLC

SouthGobi Sands LLC

APU JSC

Golomt Bank JSC

Trade and Development Bank of Mongolia JSC

II. Best Taxpayers — Large Segment

Khangad Exploration LLC

Khuren Tolgoi Coal Mining LLC

Tavantolgoi JSC

XacBank JSC

Mobicom Corporation LLC

Erdenes Alt Resource LLC

Barloworld Mongolia LLC

MCS Coca-Cola LLC

Transwest Mongolia LLC

Unitel LLC

III. Best Taxpayers — Medium Segment

Smartlogic LLC

Gofro LLC

Khongor Bayan Trans LLC

Tsetszam Plast LLC

Premium Palace LLC

Javkhlant Joloo LLC

Enkhiin Shuuder LLC

ESBBO LLC

Goviin Ilch Teever LLC

Ikhshuudergene Import LLC

IV. Best Taxpayers — Small Segment

Taliin Altan Joloo LLC

MOT Capital LLC

Total Express Line LLC

ABIKO Foods LLC

MN Innovation Global Smart Technology LLC

Unur Mechanical Trade LLC

Khairkhan Auto Service LLC

Solar Power Mongolia LLC

Summit LLC

Grand Yak LLC

V. Best Taxpayers — Micro Segment

Sandvik Mongolia Engineering Solutions LLC

Nomin Hypermarket Western Region LLC

Four Season Garden LLC

Moskva Complex LLC

SET Green Futures LLC

Tavan Bogd Tech LLC

Asira LLC

Coalline Mind LLC

Ganbarmat LLC

Od Munkh Amjiltiin Ekhlel LLC

In accordance with the Government meeting resolution of May 1, 2000, the second week of May each year is designated as “Taxpayers’ Days.” The Mongolian Tax Administration is marking the event for the 27th consecutive year nationwide from May 4 to 8 under the slogan “A Needs-Based Advisory Tax Administration.”

Published Date:2026-05-04