FM · Oceania · USD
Micronesia
Corporate Tax
30%
Wealth Tax
0%
Recovered after an initial research pass skipped Micronesia (source unreachable). RECOVERED, single-pass: FSM Code Title 54, Chapter 1 (Income Tax) imposes only a Wage and Salary Tax (6% on the first $11,000, 10% above) and a Gross Revenue Tax ($80/year flat under $10,000 revenue, 3% above); Chapter 2 covers customs import duties; Chapters 8-9 cover collection/lien administration and penalties. No wealth/net-worth provision in any of these. Independently corroborated by dofa.gov.fm (FSM Department of Finance & Administration, official .gov.fm domain), which states the Customs & Tax Administration's remit is limited to national taxes, customs duties, and corporate income tax. Caveat: Title 54 also has Chapters 3 and 7, which could not be located at the guessed URL pattern (404) and were not read directly — the government-source corroboration's closed-list description is relied on to cover that gap. All content is a rendered-summary read, not a verbatim extraction.
No verified data yet for: Income Tax, VAT, Capital Gains Tax, Crypto Tax.