JM · AmericasFM · Oceania
Jamaica vs Micronesia: tax rates compared
Jamaica's income tax rate is 20pp higher than Micronesia's (30% vs 10%). The 200-country average is 28%: Jamaica sits above it, Micronesia sits below it. Jamaica's figure is dated 2025-12-31 and Micronesia's 2026-07-20, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | JM | FM | Difference |
|---|---|---|---|
| Income Tax | 30% | 10% | JM +20 pplargest gap |
| Corporate Tax | 25% | 30% | FM +5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Micronesia | 10% | Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20 |
| Difference | +20 pp | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Micronesia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Micronesia higher |
Micronesia's corporate tax rate is 5pp higher than Jamaica's (30% vs 25%). The 201-country average is 22.6%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Micronesia | 0% | Source: Code of the Federated States of Micronesia, Title 54 — Taxation and Customs · as of 2026-07-19 |
| Difference | 0 pp | displayed rates match |
Jamaica's capital gains tax rate is identical to Micronesia's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Jamaica's figure is dated 2025-12-31 and Micronesia's 2026-07-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Micronesia | 0% | Source: Federated States of Micronesia Code, Title 54 (Taxation and Customs), via fsmlaw.org · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Jamaica's wealth tax rate is identical to Micronesia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Jamaica's figure is dated 2025-12-31 and Micronesia's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: VAT, Crypto Tax.