Ulaanbaatar
Erdenet Mining Corporation named as top taxpayer of 2019
Economy
Ulaanbaatar /MONTSAME/. On the occasion of Taxpayers' Day, which takes place in the second week of May each year, the General Department of Taxation has announced the top-10 taxpayer companies of 2019, the top-10 profitable companies, and the top-10 companies that have created the most jobs in 2019 respectively.
In 2019, the total budget revenue of Mongolia reached MNT 10.8 trillion, which is twice as much as in 2016. Taxes accounted for 54 percent of total budget revenue, or MNT 5.8 trillion.
There are 205,000 legal entities and 1.8 million citizens registered as taxpayers in Mongolia.
The
top-10 taxpayer companies of 2019:
- Erdenet
Mining Corporation – MNT 707 billion
- Erdenes
Tavan Tolgoi – MNT 683 billion
- Oyu
Tolgoi – MNT 372 billion
- Energy
Resource – MNT 205 billion
- APU
– MNT 165 billion
- Khaan
Bank – MNT 130 billion
- Golomt
Bank – MNT 103 billion
- Tavantolgoi
– MNT 94 billion
- TTJVCo
– MNT 87 billion
- MAK
– MNT 75 billion
The total tax paid by these ten companies totaled MNT 2.6 trillion, which accounted for 45% of the total budget revenue collected by the tax authorities.
The
top-10 profitable companies of 2019:
- Erdenes
Tavantolgoi – MNT 387 billion
- Erdenet
Mining Corporation – MNT 172 billion
- TTJVCo
– MNT 60 billion
- Energy
Resource – MNT 55 billion
- Khaan
Bank – MNT 54 billion
- MAK
– MNT 52 billion
- Tsairt
Mineral – MNT 28 billion
- Leighton
– MNT 27 billion
- Achit
Ikht – MNT 25 billion
- Wagner
Asia Equipment – MNT 18 billion
In 2019, the above companies made up the 51.1% or MNT 881 billion of corporate income tax.
The
top-10 companies that have created the most jobs in 2019:
- Erdenet
Mining Corporation – 8313
- Khaan
Bank – 7546
- Nomintav
Trade – 4776
- Gobi
– 3725
- Mongolrostsvetment
– 3261
- Oyu
Tolgoi – 3190
- State
Bank- 2861
- Golomt
Bank – 2819
- Energy
Resource – 2785
- MAK
– 2321
A total of 41,597 jobs were created by these companies.
