Marshall Islands Information about minimum wage and taxes.

The Marshall Islands are an island country located in the Pacific Ocean. I can share the following information on minimum wage and taxation:

1. Minimum Wage: In the Marshall Islands, the minimum wage is determined by the government. As of 2021, the hourly minimum wage is

2.00 USD.

2. Taxation: There is a tax system in the Marshall Islands. The country's tax structure consists of personal income tax, corporate tax, consumption tax and other taxes. - Personal Income Tax: Personal income tax is applied in the Marshall Islands. Different rates of tax are withheld depending on the source and amount of income. Tax brackets and rates vary depending on a person's income. - Corporate Tax: Companies and businesses located in the Marshall Islands are subject to corporate tax. The corporate tax rate generally varies between 3% and 10%. - Consumption Tax: Consumption tax is applied in the Marshall Islands. A certain amount of tax is added to consumer goods and services. The consumption tax rate is generally 8%. - Other Taxes: There are other types of taxes in the Marshall Islands, such as housing tax and vehicle tax. The rates and application details of these taxes are determined by the competent authorities. The above information provides an overview. Tax rates and application details may change over time, so it is important to follow current tax legislation. It is also recommended that you consult your local authorities for more detailed tax information on an individual or company basis.

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