Micronesia - Total tax rate
Total tax rate (% of commercial profits)
Total tax rate (% of commercial profits) in Micronesia was 60.50 as of 2019. Its highest value over the past 14 years was 60.50 in 2019, while its lowest value was 58.70 in 2007.
Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2005 | 59.60 |
| 2006 | 59.60 |
| 2007 | 58.70 |
| 2008 | 58.70 |
| 2009 | 58.70 |
| 2010 | 58.70 |
| 2011 | 59.00 |
| 2012 | 59.90 |
| 2013 | 60.00 |
| 2014 | 60.50 |
| 2015 | 60.50 |
| 2016 | 60.50 |
| 2017 | 60.50 |
| 2018 | 60.50 |
| 2019 | 60.50 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
