The Corporate Tax Rate in Micronesia stands at 3 percent. source: Department of Finance & Administration (DOFA)

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Micronesia Business Gross Revenue Tax

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 3.00 3.00 2020 - 2020 percent Monthly

Micronesia Taxes Last Previous Highest Lowest Unit
Sales Tax Rate 5.00 5.00 5.00 5.00 percent [+]
Corporate Tax Rate 3.00 3.00 3.00 3.00 percent [+]
Social Security Rate 15.00 15.00 15.00 15.00 percent [+]
Social Security Rate For Companies 7.50 7.50 7.50 7.50 percent [+]
Social Security Rate For Employees 7.50 7.50 7.50 7.50 percent [+]


Micronesia Business Gross Revenue Tax
In Micronesia, the Business Gross Revenue Tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the statutory rate for Corporate Income.