The Social Security Rate For Employees in Mongolia stands at 12.50 percent. source: Social Insurance General Office

Social Security Rate For Employees in Mongolia averaged 10.65 percent from 2012 until 2021, reaching an all time high of 12.50 percent in 2021 and a record low of 10 percent in 2013. This page provides - Mongolia Social Security Rate For Employees- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Social Security Rate For Employees - values, historical data and charts - was last updated on June of 2021.

Social Security Rate For Employees in Mongolia is expected to reach 10.00 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 For Employees is projected to trend around 10.00 percent in 2022 and 11.50 percent in 2023, according to our econometric models.

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Mongolia Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
12.50 11.50 12.50 10.00 2012 - 2021 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 28.00 26.00 28.00 23.00 percent [+]
Social Security Rate For Companies 15.50 14.50 15.50 13.00 percent [+]
Social Security Rate For Employees 12.50 11.50 12.50 10.00 percent [+]


Mongolia Social Security Rate For Employees
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.