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Mongolia vs Norway: tax rates compared
Norway's income tax rate is 19.7pp higher than Mongolia's (39.7% vs 20%). The 200-country average is 28%: Mongolia sits below it, Norway sits above it. Mongolia's figure is dated 2026-06-08 and Norway's 2025-01-01, 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 | MN | NO | Difference |
|---|---|---|---|
| Income Tax | 20% | 39.7% | NO +19.7 pp |
| Corporate Tax | 25% | 22% | MN +3 pp |
| VAT | 10% | 25% | NO +15 pp |
| Capital Gains Tax | 10% | 37.8% | NO +27.8 pplargest gap |
| Wealth Tax | 0% | 1.1% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Mongolia | 20% | Source: PWC Worldwide Tax Summaries — Mongolia (Individual, Taxes on personal income) · as of 2026-06-08 |
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −19.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mongolia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Mongolia higher |
Mongolia's corporate tax rate is 3pp higher than Norway's (25% vs 22%). The 201-country average is 22.6%: Mongolia sits above it, Norway sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Mongolia | 10% | Source: PWC Worldwide Tax Summaries — Mongolia (Corporate, Other taxes) · as of 2026-06-08 |
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Difference | −15 pp | Norway higher |
Norway's VAT rate is 15pp higher than Mongolia's (25% vs 10%). The 181-country average is 15%: Mongolia sits below it, Norway sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Mongolia | 10% | Source: PwC Worldwide Tax Summaries — Mongolia (Individual, Income determination) · as of 2026-06-08 |
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Difference | −27.8 pp | Norway higher |
Norway's capital gains tax rate is 27.8pp higher than Mongolia's (37.8% vs 10%). The 175-country average is 10.3%: Mongolia sits below it, Norway sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Mongolia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-08 |
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Difference | −1.1 pp | Norway higher |
Norway's wealth tax rate is 1.1pp higher than Mongolia's (1.1% vs 0%). The 193-country average is 0.1%: Mongolia sits below it, Norway sits above it.
Not covered for both countries yet: Crypto Tax.