Information about Micronesia Minimum wage and taxes.

Micronesia is an island country located in the Pacific Ocean. Information about the country's minimum wage and tax system is as follows: In Micronesia, the minimum wage is determined by the Micronesian Occupational Safety and Health Administration (MOSHA). As of 2021, the minimum wage is $

3.50 per hour. This fee determines the minimum wage of workers and must be paid by employers. In Micronesia, the tax system is determined by the Federal Government and the law. There are various types of taxes in the country, such as income tax, corporate tax and consumption tax. However, people with income below the minimum wage may not have to pay taxes. Income tax rates may vary depending on a person's earnings and marital status. It is generally known that income is taxed between 6% and 10%. Corporate tax is determined according to the profits of companies and can vary between 8% and 15%. Consumption tax is an important source of revenue in Micronesia. It is a tax collected on goods and services sold in the country. The consumption tax rate usually varies between 5% and 10%. It is recommended that you contact local authorities or the tax office to have detailed information about the tax system and minimum wage in Micronesia.

What are the types of companies in Micronesia?

What are the documents required to establish a company in Micronesia?

Micronesia Economic information

How to get a Micronesia Residence Permit?

How to get a Micronesia work permit?

Information about Micronesia Minimum wage and taxes.

What are the most used websites in Micronesia?

Detailed information about Micronesia Education.

Salaries by occupations in Micronesia

What is Micronesia's breakfast culture like?

What are the famous dishes of Micronesia?

What are Micronesian Beverages?

Best football players in Micronesia

Micronesia Football teams

Micronesian Artists

Largest companies in Micronesia

Micronesian Brands

Most preferred car brand in Micronesia

Information about the Micronesia Health system and insurance system.

Information about Micronesian Dances.

Information about Micronesia Festivals.

Information about Micronesia Marriage.

Information about Micronesian Women.

Information about Micronesian Men.

Detailed information about Micronesia Religious beliefs.

Who are the Micronesian Statesmen?

What is the Micronesia government?

Micronesia Political parties

How did Micronesia Fashion develop?

Possible trading activities in Micronesia

Best universities in Micronesia

Best schools in Micronesia

What is the Micronesia Legal system like?

Greatest events in Micronesian History

Most popular sports in Micronesia

Information about Micronesia Military strength and army structure.

Products exported to Micronesia

Micronesia Imported Products

High technology products produced in Micronesia

Wars in which Micronesia took part

Countries with which Micronesia is friendly and hostile