CV · AfricaMN · Asia
Cape Verde vs Mongolia: tax rates compared
Cape Verde's income tax rate is 7.5pp higher than Mongolia's (27.5% vs 20%). The 200-country average is 28%: both sit below it.
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 | CV | MN | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 20% | CV +7.5 pp |
| Corporate Tax | 21.4% | 25% | MN +3.6 pp |
| VAT | 15% | 10% | CV +5 pp |
| Capital Gains Tax | 1% | 10% | MN +9 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 27.5% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Taxes on personal income) · as of 2026-05-29 |
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Difference | +7.5 pp | Cape Verde higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 21.4% | 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 | −3.6 pp | Mongolia higher |
Mongolia's corporate tax rate is 3.6pp higher than Cape Verde's (25% vs 21.4%). The 201-country average is 22.6%: Cape Verde sits below it, Mongolia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 15% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Corporate, Other taxes) · as of 2026-05-29 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +5 pp | Cape Verde higher |
Cape Verde's VAT rate is 5pp higher than Mongolia's (15% vs 10%). The 181-country average is 15%: Cape Verde matches the world average, Mongolia sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 1% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Income determination) · as of 2026-05-29 |
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Difference | −9 pp | Mongolia higher |
Mongolia's capital gains tax rate is 9pp higher than Cape Verde's (10% vs 1%). The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cape Verde | 0% | Source: PWC Worldwide Tax Summaries — Cabo Verde (Individual, Other taxes) · 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 |
Cape Verde'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.