Home News ERDENET MINING CORPORATION NAMED AS TOP TAXPAYER OF 2019 ERDENET MINING CORPORATION NAMED AS TOP TAXPAYER OF 2019 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.