TOP 10 taxpayers of 2019 in Mongolia

Translator E.Oyun-Erdene GoGo.mn

2020-05-07 16:28 GMT+8

Taxpayers’ day is on the second week of every May. This year, the event is organized online.
General Department of Taxation, Mongolia announces TOP 10 companies that pay the highest taxes in 2019.

  • Erdenet factory- MNT 707 billion
  • ETT LLC- MNT 683 billion
  • Oyutolgoi- MNT 372 billion
  • Energy resource- MNT 205 billion
  • APU JSC- MNT 165 billion
  • Khan Bank- MNT 130 billion
  • Golomt Bank- MNT 103 billion
  • Tavan tolgoi JCS- MNT 94 billion
  • TTJVCo- MNT 87 billion
  • MAK- MNT 75 billion


Total taxes of these TOP 10 companies equal to MNT 2.6 trillion. It equals to 45% of total income centralized to State budget.

TOP 10 companies earned the highest income in 2019

  • ETT JSC- MNT 387 billion
  • Erdenet- MNT 172 billion
  • TTJVCo- MNT 60 billion
  • Energy resource- MNT 55 billion
  • Khan Bank- MNT 54 billion
  • MAK- MNT 52 billion
  • “Tsairt mineral”- MNT 28 billion
  • “Leiton”- MNT 27 billion
  • “Achit ikht”- MNT 24 billion
  • “Wagner Asia equipment”- MNT 18 billion

These companies consist 51% of corporate income tax, and centralized MNT 881 billion to state budget.

TOP 10 Employer companies

  • Erdenet factory- 8313 employees
  • Khan Bank- 7546 employees
  • Nomin tav trade- MNT 4776 employees
  • Govi JSC- 3725 employees
  • Mongolrostsvetmet- 3261 employees
  • Oyutolgoi- 3190 employees
  • State bank- 2861 employees
  • Energy resource- 2785 employees
  • MAK- 2321 employees

These companies employ total 41 thousand people.

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