Micronesia: Commercial tax rate

(measure: percent; Source: The World Bank (doing business survey))
* indicates monthly or quarterly data series

Micronesia: Tax rate, percent of commercial profits

: 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 185 countries is 40.56 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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.
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