Federated States of Micronesia Corporate Income Tax
Detailed corporate income tax rates and rules for Federated States of Micronesia in 2026.
Corporate TaxUSD
The FSM imposes a Gross Revenue Tax (GRT) of 3% on the gross revenue of all businesses operating within the country. This is levied in place of a traditional corporate income tax. The tax applies regardless of whether the business is profitable. Individual states within the FSM may levy additional taxes or fees on businesses operating within their jurisdiction.
Standard Rate
3%
How Federated States of Micronesia Corporate Tax compares
Federated States of Micronesia’s corporate tax rate of 3% is the 194th highest of 203 countries TaxAtlas tracks, below the global average of 22.2% and Oceania’s regional average of 16.8%.
Federated States of Micronesia
3%
Oceania average
16.8%
Global average
22.2%
