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Mongolia Tax Information

10% VAT

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

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Mongolia

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

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

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Payment Methods in Mongolia

Bank TransferQPaySocialPayCredit CardCash

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor 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 financial advisors in Mongolia?

Common payment methods in Mongolia include: Bank Transfer, QPay, SocialPay, Credit Card, Cash. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Mongolia?

Your invoice should include: Tax registration number, Business registration, Client tax ID, Invoice number. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

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.