Micronesia: Income and profits taxes

* indicates monthly or quarterly data series
 Micronesia

Income, profits, and capital gains taxes: percent of revenue

 Latest value 10.94
 Year 2020
 Measure percent
 Data availability 2008 - 2020
 Average 14.02
 Min - Max 3.93 - 43.20
 Source The World Bank
For that indicator, we provide data for Micronesia from 2008 to 2020. The average value for Micronesia during that period was 14.02 percent with a minimum of 3.93 percent in 2009 and a maximum of 43.2 percent in 2018. The latest value from 2020 is 10.94 percent. For comparison, the world average in 2020 based on 118 countries is 24.92 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Micronesia - Income and profits taxes - Recent values chart

Historical chart
Micronesia - Income and profits taxes - historical chart - 2008-2020




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.


 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 4.46 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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