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Mongolia Tax Information

10% VAT

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

Consulting Services to Invoice

  • Strategy consulting
  • Management consulting
  • Advisory services
  • Workshop facilitation
  • Retainer arrangements
  • Project consulting

Invoice Requirements in Mongolia

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

Payment Terms

Net 30 is standard. Milestone payments for large engagements.

Бэлэн15 хоног30 хоногЗээл

Payment Methods in Mongolia

Bank TransferQPaySocialPayCredit CardCash

Consulting Invoice Tips

  • Include professional credentials
  • Break down phases clearly
  • Document deliverables
  • Consider value-based pricing
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to consulting 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 consultings in Mongolia?

Common payment methods in Mongolia include: Bank Transfer, QPay, SocialPay, Credit Card, Cash. Net 30 is standard. Milestone payments for large engagements.

What should consulting invoices include in Mongolia?

Your invoice should include: Tax registration number, Business registration, Client tax ID, Invoice number. For consulting services specifically, also include: Strategy consulting, Management consulting, Advisory services.

How should consultants structure invoices?

Include engagement reference, billing period, hours or deliverables, expenses, and payment terms.

Should consultants charge for travel?

Yes, charge 50% of hourly rate for travel or include in project fee. State policy upfront.

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.