Micronesia - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Micronesia was 66,608,440 as of 2019. As the graph below shows, over the past 11 years this indicator reached a maximum value of 89,044,860 in 2018 and a minimum value of 3,510,168 in 2009.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2008 | 3,655,980 |
| 2009 | 3,510,168 |
| 2010 | 4,306,765 |
| 2011 | 5,872,542 |
| 2012 | 6,468,386 |
| 2013 | 8,258,414 |
| 2014 | 31,700,210 |
| 2015 | 8,334,108 |
| 2016 | 10,269,580 |
| 2017 | 27,183,370 |
| 2018 | 89,044,860 |
| 2019 | 66,608,440 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Micronesia was 35.56 as of 2019. Its highest value over the past 11 years was 43.20 in 2018, while its lowest value was 3.93 in 2009.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2008 | 5.91 |
| 2009 | 3.93 |
| 2010 | 4.13 |
| 2011 | 5.72 |
| 2012 | 5.44 |
| 2013 | 8.24 |
| 2014 | 27.79 |
| 2015 | 7.55 |
| 2016 | 8.01 |
| 2017 | 15.90 |
| 2018 | 43.20 |
| 2019 | 35.56 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Micronesia was 84.89 as of 2019. Its highest value over the past 11 years was 87.93 in 2018, while its lowest value was 28.49 in 2009.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2008 | 32.40 |
| 2009 | 28.49 |
| 2010 | 31.12 |
| 2011 | 38.00 |
| 2012 | 40.41 |
| 2013 | 47.62 |
| 2014 | 79.15 |
| 2015 | 48.60 |
| 2016 | 51.48 |
| 2017 | 71.23 |
| 2018 | 87.93 |
| 2019 | 84.89 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
