Mongolia Social & Health Insurance
Mandatory contributions, rates, caps, and reporting deadlines for employers and employees.
Overview & Applicability
Social and health insurance contribution is mandatory for both employer and employee. Furthermore, it is applicable for non-residents working in Mongolia as well.
The base for accruing compulsory social and health insurance contribution is:
- Wages and allowances provided as per the Labor Law, or
- Remuneration under services or work contracts.
Benefits Provided
The Social Insurance Fund provides essential pensions and benefits to employees, which include:
- Maternity allowance
- Sickness allowance
- Occupational accident allowance
- Unemployment benefits
- Pensions
Contribution Rates & Caps
Employers bear the responsibility of not only paying their portion but also deducting the employee's portion from their gross salary and transferring it to the Social Insurance Fund.
Detailed Social and Health Insurance Contribution Rates
| Type of insurances | Employer rate | Employee rate |
|---|---|---|
| Pension | 8.5% | 8.5% |
| Benefit | 1.0% | 0.8% |
| Health | 2% | 2% |
| Industrial accident and occupational disease | 0.8% – 2.8% | - |
| Unemployment | 0.2% | 0.2% |
| Total | 12.5% - 14.5% | 11.5% |
Deadline for Reporting and Payment
Timely reporting and payment are strictly enforced. Employers must adhere to the following schedule for submitting returns and completing payments to the Social Insurance Fund.
| Return | Deadline | Frequency | Payment |
|---|---|---|---|
| Social and health insurance return | 5th of the following month | Monthly basis | within the reporting month |