Social Security Rate in Mongolia remained unchanged at 26 percent in 2020 from 26 percent in 2019. source: Social Insurance General Office

Social Security Rate in Mongolia averaged 23.89 percent from 2012 until 2020, reaching an all time high of 26 percent in 2019 and a record low of 23 percent in 2013. This page provides - Mongolia Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Social Security Rate - values, historical data and charts - was last updated on April of 2021.

Social Security Rate in Mongolia is expected to reach 23.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Social Security Rate is projected to trend around 23.00 percent in 2022 and 26.00 percent in 2023, according to our econometric models.

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Mongolia Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
26.00 26.00 26.00 23.00 2012 - 2020 percent Yearly

Mongolia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Personal Income Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 26.00 26.00 26.00 23.00 percent [+]
Social Security Rate For Companies 14.50 14.50 14.50 13.00 percent [+]
Social Security Rate For Employees 11.50 11.50 11.50 10.00 percent [+]

Mongolia Social Security Rate
In Mongolia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Mongolia because they help to pay for many social programs including welfare, health care and many other benefits.