The Social Security Rate For Employees in Micronesia stands at 7.50 percent. source: FSM Social Security Administration

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Micronesia Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.50 7.50 7.50 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 Social Security Rate For Employees
In Micronesia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Micronesia because they help to pay for many social programs including welfare, health care and many other benefits.