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Tax Support to Be Provided to Legal Entities Registered in Virtual Zone www.montsame.mn
At its regular session, the Cabinet of Mongolia approved the "List of Information Technology Products, Works, and Services of Legal Entities Registered in the Virtual Zone to Support Information Technology Production." Minister of Finance Mendsaikhan Zagdjav and Minister of Digital Development, Innovation, and Communications Nomin Chinbat were tasked with organizing and monitoring the implementation of the resolution.
In 2024, the State Great Khural of Mongolia (Parliament) passed the Law on Supporting Information Technology Production. This legislation created a legal framework to foster the digital economy by supporting individuals and legal entities engaged in the IT sector, diversifying their funding sources, and maximizing the economic benefits of IT production. In accordance with a Government resolution, registration requests submitted via the e-business system by over 100 legal entities seeking to join the IT virtual zone have been processed since January 2026.
Under the Law on Corporate Income Tax, these registered entities are eligible for tax relief. Specifically, Article 22.5.4 stipulates a tax exemption on the sales revenue of IT products, works, and services generated by legal entities registered in the virtual zone, as defined in Article 11.1 of the Law on Supporting Information Technology Production. Furthermore, Article 22.6 mandates the Cabinet to formally approve the list of eligible products, works, and services that qualify for this tax exemption.
Countries such as Kazakhstan, Uzbekistan, and the United Arab Emirates currently offer comprehensive tax exemptions to legal entities operating in special IT zones, relieving them of corporate income tax, value-added tax, personal income tax, customs duties, and real estate taxes. Driven by similar policies, Kazakhstan’s total IT sector exports reached USD 1.1 billion in 2025, with the Astana Hub alone accounting for USD 633 million. Kazakhstan aims to boost the hub's export revenue to USD 1 billion in 2026, reported the Media and Public Relations Department of the Parliament of Mongolia.
Published Date:2026-07-02
