Micronesia, Federated States of vs Nicaragua: Paying taxes: Total tax and contribution rate
Paying taxes: Total tax and contribution rate over time
- Micronesia, Federated States of
- Nicaragua
How they compare
Nicaragua currently reports 60.6% against 60.5% in Micronesia, Federated States of, a difference of 0.1%.
The two have swapped places 2 times across 15 shared years of data; in 2005 it was Nicaragua ahead.
Micronesia, Federated States of ranks 22nd and Nicaragua ranks 21st of 190 countries.
Nicaragua has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Micronesia, Federated States of | Nicaragua | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 59.1% | 63.4% | 4.4% | Nicaragua |
| 2010s | 60.1% | 61.3% | 1.2% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: total tax and contribution rate, Micronesia, Federated States of or Nicaragua?
- Nicaragua, at 60.6% against 60.5% in Micronesia, Federated States of as of 2019.
- What is the difference in paying taxes: total tax and contribution rate between Micronesia, Federated States of and Nicaragua?
- 0.1%, with Nicaragua ahead.
- How many years of comparable data are there for Micronesia, Federated States of and Nicaragua?
- 15 years are reported by both, from 2005 to 2019.
- How do Micronesia, Federated States of and Nicaragua rank globally for paying taxes: total tax and contribution rate?
- Micronesia, Federated States of ranks 22nd and Nicaragua ranks 21st of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Total tax and contribution rate (% of profit). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.