MV · AsiaFM · Oceania
Maldives vs Micronesia: tax rates compared
Maldives's income tax rate is 5pp higher than Micronesia's (15% vs 10%). The 200-country average is 28%: both sit below it. Maldives's figure is dated 2020-01-01 and Micronesia's 2026-07-20, so the two rates come from different data vintages.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | MV | FM | Difference |
|---|---|---|---|
| Income Tax | 15% | 10% | MV +5 pp |
| Corporate Tax | 15% | 30% | FM +15 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Micronesia | 10% | Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20 |
| Difference | +5 pp | Maldives higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | 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 | −15 pp | Micronesia higher |
Micronesia's corporate tax rate is 15pp higher than Maldives's (30% vs 15%). The 201-country average is 22.6%: Maldives sits below it, Micronesia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 (content current as of 1 October 2025, published February 2026) — Maldives chapter · as of 2025-10-01 |
| 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 |
Maldives's wealth tax rate is identical to Micronesia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Maldives's figure is dated 2025-10-01 and Micronesia's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.