A: Very favorably. Mongolia’s personnel income tax is a flat 10%. In China the rate ranges from 3% to 45%, and in Russia the flat tax is 30%.
The Mongolian corporate tax rate ranges from 10% to 25% for firms incorporated in Mongolia; 20% otherwise. The Chinese and Russian rates are 25% and 20% respectively.
Mongolia’s Value Added Tax is 10%; in China, the VAT is 17% and in Russia 18%.