LT · EuropeMN · Asia
Lithuania vs Mongolia: tax rates compared
Lithuania's income tax rate is 12pp higher than Mongolia's (32% vs 20%). The 200-country average is 28%: Lithuania sits above it, Mongolia sits below it. Lithuania'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 | LT | MN | Difference |
|---|---|---|---|
| Income Tax | 32% | 20% | LT +12 pplargest gap |
| Corporate Tax | 16% | 25% | MN +9 pp |
| VAT | 21% | 10% | LT +11 pp |
| Capital Gains Tax | 20% | 10% | LT +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 32% | 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 | +12 pp | Lithuania higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 16% | 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 | −9 pp | Mongolia higher |
Mongolia's corporate tax rate is 9pp higher than Lithuania's (25% vs 16%). The 201-country average is 22.6%: Lithuania sits below it, Mongolia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Difference | +11 pp | Lithuania higher |
Lithuania's VAT rate is 11pp higher than Mongolia's (21% vs 10%). The 181-country average is 15%: Lithuania sits above it, Mongolia sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Difference | +10 pp | Lithuania higher |
Lithuania's capital gains tax rate is 10pp higher than Mongolia's (20% vs 10%). The 175-country average is 10.3%: Lithuania sits above it, Mongolia sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| 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 |
Lithuania'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.