The Sales Tax Rate in Micronesia stands at 5 percent. Micronesia Sales Tax Rate - VAT - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Sales Tax Rate in Micronesia is expected to reach 5.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Micronesia Sales Tax Rate - VAT is projected to trend around 5.00 percent in 2021, according to our econometric models.


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Micronesia Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 5.00 5.00 2014 - 2020 percent Yearly


Micronesia Sales Tax Rate - VAT
In Micronesia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Micronesia.