Micronesia: Commercial tax rate

* indicates monthly or quarterly data series
 Micronesia

Tax rate, percent of commercial profits

 Latest value 60.50
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 59.73
 Min - Max 58.70 - 60.50
 Source The World Bank (doing business survey)
For that indicator, we provide data for Micronesia from 2005 to 2019. The average value for Micronesia during that period was 59.73 percent with a minimum of 58.7 percent in 2007 and a maximum of 60.5 percent in 2014. The latest value from 2019 is 60.5 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Micronesia - Commercial tax rate - Recent values chart

Historical chart
Micronesia - Commercial tax rate - historical chart - 2005-2019




Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 58.31 1983 percent
 Government spending, in dollars 0.06 1983 billion U.S. dollars
 Fiscal balance, percent of GDP 4.52 2021 percent
 Government debt 17.03 2021 percent
 Tax revenue 6.43 2020 percent
 Commercial tax rate 60.50 2019 percent
 Tax preparation time 128 2019 hours
 Number of taxes 21 2019 taxes
 Taxes on goods and services 3.40 2020 percent
 Taxes on international trade 4.50 2020 percent
 Income and profits taxes 10.94 2020 percent
 Foreign aid 130.76 2021 million U.S. dollars
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