FM · Oceania · USD
Micronesia
Tax rates
Income Tax
10%
Top rate, progressive scale
Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20Corporate Tax
30%
Statutory rate
Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01Capital Gains Tax
0%
Source: Code of the Federated States of Micronesia, Title 54 — Taxation and Customs · as of 2026-07-19Crypto Tax
0%
Wealth Tax
0%
Not levied
Source: Federated States of Micronesia Code, Title 54 (Taxation and Customs), via fsmlaw.org · as of 2026-07-18
No verified data yet for: VAT.
Estimate your income tax
Enter a gross annual salary to estimate 2026 national income tax for Micronesia using verified brackets — total tax, effective and marginal rate, net income, and the per-band breakdown. National income tax only; social contributions and sub-national taxes are excluded unless the notes say otherwise. The full calculator covers every country with verified rates.
The calculator needs JavaScript — every figure stays readable without it. The full bracket schedule is under Brackets & notes below, and the calculator page lists every country's schedule.
Brackets & notes
Income Tax
| Threshold | Rate |
|---|---|
| USD 0 | 6% |
| USD 11,000 | 10% |
This is FSM's wage and salary tax, its only nationally levied tax reaching individual income; no other category of individual income is taxed nationally.
The Federated States of Micronesia's national tax code imposes a wage and salary tax rather than a general personal income tax: wages and salaries are taxed at 6% on the first $11,000 and 10% on the amount above that, with no other category of individual income taxed nationally.
Capital Gains Tax
The Federated States of Micronesia's national tax code imposes only a wages-and-salaries tax and a gross-revenues tax on businesses; no capital gains tax provision exists. Individual wages are taxed at 6% on the first $11,000 and 10% on amounts above that, with no tax mechanism reaching capital gains on securities.
Crypto Tax
The Federated States of Micronesia's national tax code taxes only wages and salaries and business gross revenues; it contains no capital gains, investment income, or securities provisions of any kind, so an individual's gain from disposing of cryptocurrency is not covered by any tax.
Wealth Tax
No net wealth or net-worth tax is levied in the Federated States of Micronesia. 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, and Chapters 8-9 cover collection and penalties administration. The FSM Department of Finance & Administration confirms the Customs & Tax Administration's remit is limited to national taxes, customs duties, and corporate income tax, with no wealth tax.