FI · EuropeMN · Asia
Finland vs Mongolia: tax rates compared
Finland's income tax rate is 31.8pp higher than Mongolia's (51.8% vs 20%). The 200-country average is 28%: Finland sits above it, Mongolia sits below it. Finland'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 | FI | MN | Difference |
|---|---|---|---|
| Income Tax | 51.8% | 20% | FI +31.8 pplargest gap |
| Corporate Tax | 20% | 25% | MN +5 pp |
| VAT | 25.5% | 10% | FI +15.5 pp |
| Capital Gains Tax | 34% | 10% | FI +24 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 51.8% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Difference | +31.8 pp | Finland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 20% | 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 | −5 pp | Mongolia higher |
Mongolia's corporate tax rate is 5pp higher than Finland's (25% vs 20%). The 201-country average is 22.6%: Finland sits below it, Mongolia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Finland | 25.5% | Source: Finnish Tax Administration (Vero) — Rates of VAT · as of 2026-01-01 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +15.5 pp | Finland higher |
Finland's VAT rate is 15.5pp higher than Mongolia's (25.5% vs 10%). The 181-country average is 15%: Finland sits above it, Mongolia sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: PwC Worldwide Tax Summaries — Finland, Individual - Income determination · as of 2026-06-24 |
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Difference | +24 pp | Finland higher |
Finland's capital gains tax rate is 24pp higher than Mongolia's (34% vs 10%). The 175-country average is 10.3%: Finland sits above it, Mongolia sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 0% | Source: PWC Worldwide Tax Summaries — Finland (Individual, Other taxes) · as of 2026-06-24 |
| 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 |
Finland'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.