MH · OceaniaFM · Oceania

Marshall Islands vs Micronesia: tax rates compared

Between the two, Marshall Islands's income tax rate (12%) tops Micronesia's (10%) by 2pp. The 200-country average is 28%: both sit below it. Marshall Islands's figure is dated 2018-05-21 and Micronesia's 2026-07-20, so the two rates come from different data vintages.

Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income10%12%Wealth Tax0%
two shared taxes, side by side
Tax MH FMDifference
Income Tax12%10%MH +2 pplargest gap
Wealth Tax0%0%match

Income Tax

Income Tax, side by side
CountryRateSource
Marshall Islands12%Source: Nitijela (Parliament) of the Republic of the Marshall Islands — Title 48 MIRC, Chapter 1, Income Tax Act 1989, Section 103 (Tax on Wages and Salaries) · as of 2018-05-21
Micronesia10%Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20
Difference+2 ppMarshall Islands higher

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Marshall Islands0%Source: Nitijela (Parliament) of the Republic of the Marshall Islands — Title 48 MIRC, Chapter 1, Income Tax Act 1989 · as of 2026-07-18
Micronesia0%Source: Federated States of Micronesia Code, Title 54 (Taxation and Customs), via fsmlaw.org · as of 2026-07-18
Difference0 ppdisplayed rates match

There's no gap here — Marshall Islands and Micronesia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: Corporate Tax, VAT, Capital Gains Tax, Crypto Tax.