The Sales Tax Rate in Micronesia stands at 5 percent. source: Department of Finance and Administration

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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 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 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.