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What taxes are applicable on my property upon the purchase and the subsequent rental of apartments? |
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There are very few taxes currently imposed on foreigners investing in Mongolia. There is a 2% sales tax which is applicable on the wholesale value of the property of the property was purchased after the building was completed. For Off-plan purchases there is no tax. There is also a 10%VAT tax which is currently applied to rental payments but it is not currently paid nor collected.
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