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Belize vs Mongolia: tax rates compared
Belize's income tax rate is 5pp higher than Mongolia's (25% vs 20%). The 200-country average is 28%: both sit below it. Belize's figure is dated 2025-01-01 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | MN | Difference |
|---|---|---|---|
| Income Tax | 25% | 20% | BZ +5 pp |
| Corporate Tax | 0% | 25% | MN +25 pplargest gap |
| VAT | 12.5% | 10% | BZ +2.5 pp |
| Capital Gains Tax | 0% | 10% | MN +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Difference | +5 pp | Belize higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mongolia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −25 pp | Mongolia higher |
Mongolia's corporate tax rate is 25pp higher than Belize's (25% vs 0%). The 201-country average is 22.6%: Belize sits below it, Mongolia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +2.5 pp | Belize higher |
Belize's VAT rate is 2.5pp higher than Mongolia's (12.5% vs 10%). The 181-country average is 15%: both sit below it. Belize's figure is dated 2011-12-31 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Difference | −10 pp | Mongolia higher |
Mongolia's capital gains tax rate is 10pp higher than Belize's (10% vs 0%). The 175-country average is 10.3%: both sit below it. Belize's figure is dated 2020-12-31 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Mongolia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-08 |
| Difference | 0 pp | displayed rates match |
Belize's wealth tax rate is identical to Mongolia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.