Create Bookkeeper Invoice in MNT →

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Mongolia Tax Information

10% VAT

VAT is 10% standard. Registration required above MNT 50 million turnover. Tax ID mandatory.

Bookkeeper Services to Invoice

  • Monthly bookkeeping
  • Bank reconciliation
  • Accounts payable
  • Accounts receivable
  • Payroll support
  • Financial reports
  • Catch-up bookkeeping

Invoice Requirements in Mongolia

Tax registration number
Business registration
Client tax ID
Invoice number
VAT (10%)
Total in MNT

Payment Terms

Monthly retainer paid in advance. Catch-up projects 50% deposit.

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Payment Methods in Mongolia

Bank TransferQPaySocialPayCredit CardCash

Bookkeeper Invoice Tips

  • Specify period covered
  • Include transaction count
  • Note software used
  • Reference deliverables
  • Document hours if applicable

Frequently Asked Questions

What tax rate applies to bookkeeper invoices in Mongolia?

Mongolia has 10% VAT. VAT is 10% standard. Registration required above MNT 50 million turnover. Tax ID mandatory.

What payment methods are common for bookkeepers in Mongolia?

Common payment methods in Mongolia include: Bank Transfer, QPay, SocialPay, Credit Card, Cash. Monthly retainer paid in advance. Catch-up projects 50% deposit.

What should bookkeeper invoices include in Mongolia?

Your invoice should include: Tax registration number, Business registration, Client tax ID, Invoice number. For bookkeeper services specifically, also include: Monthly bookkeeping, Bank reconciliation, Accounts payable.

How to price bookkeeping?

Monthly flat fee based on transaction volume. $300-2000/month typical for small business.

Charge for catch-up work?

Hourly or per-month-behind rate. Catch-up is intensive work, price accordingly.

What is Mongolia's VAT rate?

Mongolia applies 10% VAT on most goods and services. Some items have exemptions including basic food and exported goods. The rate is relatively moderate for the region.