Mongolia

Last Update by enessa, 09 Apr 2025

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Exchange Rate

17 Apr 2025

 

Cost of Living

Indicative value for a working adult in a city: Ulaanbaatar

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (MNT)
McDonalds Set Meal 17,500
Monthly Train and Bus Tickets 26,300
3 Bedrooms Rental (City Center) 4,360,500
3 Bedrooms Rental (Outskirt) 2,485,700

Current Inflation Rate

9.6%

Wage

Minimum Wages

  • MNT 792,000 per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (MNT)
Entry-Level
Fresh Graduate
 1,217,200
Mid-Level
5 Years
 1,790,000
Experienced & Managerial Level
10 Years
 2,945,600
Specialized & Senior-Level
15 Years
 >2,945,600

Annual Salary Growth

approximately 4% every 29 months

Statutory Contribution

Employer rate for Social Contribution depends on the industry and job position of the employees.
Health insurance rate will be determined by the Government each year at a rate less than 4%.

Country Level

Type Employer Rates Employee Rates Notes
Social contribution (Social Insurance General Office (SIGO)) 12.5% - 14.5% 11.5% capped at MNT 910,800 per month All Staff
Pension insurance 8.5% 8.5% All Staff
Benefit insurance 1.0% 0.8% All Staff
Health insurance 2.0% 2.0% All Staff
Unemployment insurance 0.5% 0.2% All Staff
Industrial accident and occupational disease insurance 0.5%, 1.5%, 2.5% - All Staff

Other Benefit

Other common employment benefits in Mongolia include:

  • Private Health Insurance: Typically covers MNT 100,000 to MNT 300,000
  • Transport Allowance:
    Sales positions: MNT 100,000 to MNT 300,000/month.
    Non-sales positions: MNT 20,000 to MNT 100,000/month.
  • Mobile Allowance:
    Sales positions: MNT 50,000 to MNT 150,000/month.
    Non-sales positions: MNT 10,000 to MNT 50,000/month.

Income Tax

Residents

  • An individual who has stayed in Mongolia for 183 days or more within a 12-month period or has earned 50% or more of their total taxable income from Mongolia
    Tax period: 1 Jan till 31 Dec
    Filing start date: 1 Jan of the following year
    Filing due date: 15th Feb of the following year

Country Level

Taxable Income Rate
Up to 120,000,000 10%
120,000,000 to 180,000,000 15%
Above 180,000,000 20%

Non-residents

  • Employment income of non-residents is taxed at the flat rate of 20% on income earned within the country
    An individual who has stayed in Mongolia for 183 days or more within a 12-month period or has earned 50% or more of their total taxable income from Mongolia

Working Hours

Statutory

40 hours
up to 8 hours a day, 5 days a week

Typical practice

40 hours per week
9am to 6pm, Monday - Friday

Overtime

Daily overtime working hours: capped at 4 hours
Monthly overtime hours: capped at 64 hours

  • Hourly rate: 1.5 x Basic Monthly Salary

  • Public Holiday overtime is 2 x Basic Monthly Salary

Employment Contract

Permanent

Contract Format

Written in both Mongolian and English and provided at least 1-3 days before the start date, can use e-signature

Payroll Currency

MNT

Probation

Up to 3 months

Contract Period

No minimum duration

Termination

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation 3 to 7 calendar days 3 to 7 calendar days 3 to 7 calendar days
Notice Period - Regular 1 month 1 month 1 month
Severance Pay No severance pay unless specified in the employment contract. Severance pay may apply if the termination is without cause. Severance pay typically 1 month's salary for each year of service.

Public Holiday

Public holidays that fall on non-working days, staff get time off in lieu.

Leave

Employees are entitled to statutory leave once they have worked for the employer for at least 6 months

Leave Type Entitlement Notes
Annual Leave Minimum of 15 working days after six months of service; increases with length of service, up to 29 days. Employees under 18 years old and disabled are entitled to 20 working days of annual leave. Unused annual leave can be compensated financially if not taken due to urgent business needs.
Maternity Leave 120 calendar days shall be mandatory to a mother

140 calendar days shall be mandatory to a mother of twins
 New mothers are entitled to additional rest time and extra one or two hours of rest during workdays until their child is one year old.
Paternity Leave 10 working days Equivalent to the average salary for the paternity leave period
Childcare Leave 2 hour extra break for mothers with a child under 6 months or with twins under 1 year old

1 hour extra for mothers with a child age between 6 months to 1 year old
 Childcare leave can be extended until the child reaches 3 years old, with financial support available to parents.
Adoption Leave 120 calendar days for adoptive parents. Adoptive parents are entitled to the same leave as biological parents.

Reference

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