Intrinsic magnetic topological insulator MnBi₂Te₄ provides a promising platform to implement the quantum anomalous Hall effect at increased temperatures and other unique topological effects. However, to do this, the energy gap opening at the Dirac point should be located at the Fermi level. One of the widely used methods to shift the Dirac point toward the Fermi level is the partial substitution of Bi atoms for Sb atoms. In this work, the electronic structure of the core levels and valence band of Mn(Bi_{1 –x}Sb_x)₂Te₄ compounds with various concentration x of Sb atoms from 0 to 1 has been studied. It has been shown that the Dirac point with an increase in the concentration of Sb atoms is shifted toward the Fermi level and becomes localized at it when x ≈ 0.3. In this case, the “rigid” shift of the valence band, including the Mn 3d level, has been observed without changes in the structure of the valence and conduction bands. The concentration dependence of the shift of the Dirac point is approximated by a square root function, which corresponds to a linear increase in the charge carrier density.