Micronesia: Income and profits taxes

The latest value from 2020 is 10.94 percent, a decline from 35.56 percent in 2019. In comparison, the world average is 24.31 percent, based on data from 129 countries. Historically, the average for Micronesia from 2008 to 2020 is 14.02 percent. The minimum value, 3.93 percent, was reached in 2009 while the maximum of 43.2 percent was recorded in 2018. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.