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Grenada vs Mongolia: tax rates compared
Grenada's income tax rate is 10pp higher than Mongolia's (30% vs 20%). The 200-country average is 28%: Grenada sits above it, Mongolia sits below it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | MN | Difference |
|---|---|---|---|
| Income Tax | 30% | 20% | GD +10 pplargest gap |
| Corporate Tax | 28% | 25% | GD +3 pp |
| VAT | 15% | 10% | GD +5 pp |
| Capital Gains Tax | 0% | 10% | MN +10 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Difference | +10 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 pp | Grenada higher |
Grenada's corporate tax rate is 3pp higher than Mongolia's (28% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +5 pp | Grenada higher |
Grenada's VAT rate is 5pp higher than Mongolia's (15% vs 10%). The 181-country average is 15%: Grenada matches the world average, Mongolia sits below it. Grenada's figure is dated 2010-02-01 and Mongolia's 2026-06-08, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| 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 Grenada's (10% vs 0%). The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.