Marshall Islands

No net wealth tax levied. The Marshall Islands' Income Tax Act 1989 (Title 48 MIRC, Chapter 1 — the republic's principal tax statute) imposes only a tax on wages and salaries, a gross revenue tax on businesses, a tax on income from immovable property, a non-resident income tax, and a hotel/resort facilities tax; it contains no net wealth or general property tax provision. Independent overviews of the RMI tax system (describing wages/salaries tax, gross revenue tax and import duties as the three main revenue sources, plus a separate property tax and hotel tax) likewise describe no general wealth tax. Concluded by omission — only Title 48 Chapter 1 was directly reviewed in full; other chapters of Title 48 were not individually checked, and PWC does not cover the Marshall Islands.