Federated States of Micronesia flag Federated States of Micronesia:

Presentation of the Federated States of Micronesia : Taxation

Sales tax
3% to 5% depending on the state
Company Tax :
Corporate income tax: 21%
Withholding Taxes :
Dividend: 0%; Interest: 0%; Royalties: 0%.
Social Security Contributions Paid By Employers :
7.5%
Other Domestic Resources
Customs & Tax Administration
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Federated States of Micronesia East Asia & Pacific United States Germany
Number of Payments of Taxes per Year 21.0 23.4 10.6 9.0
Time Taken For Administrative Formalities (Hours) 128.0 195.1 175.0 218.0
Total Share of Taxes (% of Profit) 60.5 33.8 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: May 2022