Palau flag Palau:

Presentation of Palau : Taxation

Sales Tax
No sales tax is levied in Palau.
A Palau Goods and Services Tax (PGST) at the rate of 10% should come into force from 2023.
Company Tax :
Gross revenue tax: 4%
Withholding Taxes :
Dividends: 0%, Interests : 0%, Royalties : 0%.
Social Security Contributions Paid By Employers :
7% for social security; 2.5% for healthcare fund.
Other Domestic Resources
Bureau of Revenue and Taxation
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.
 

Country Comparison For Corporate Taxation

  Palau East Asia & Pacific United States Germany
Number of Payments of Taxes per Year 11.0 23.4 10.6 9.0
Time Taken For Administrative Formalities (Hours) 52.0 195.1 175.0 218.0
Total Share of Taxes (% of Profit) 76.6 33.8 36.6 48.8

Source: Doing Business - Latest available data.

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Latest Update: October 2022