Palau

Paying Taxes in

Palau

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Palau to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Gross revenue tax 4 46 4% revenue minus labor costs 65.82
Employer paid - Social security contributions 4 96 6% gross salaries 6.67
Employer paid - Health insurance contributions 0 paid jointly 2.5% gross salaries 2.82
Road tax 1 $200 to $750 depending on weight fixed fee 0.13
Business license 1 50 fixed fee 0.01
Fuel tax 1 included into the fuel price 0.00 small amount
Employee paid - Social security contributions 0 paid jointly 6% gross salaries 0.00 withheld
Employee paid - Health insurance contributions 0 paid jointly 2.5% gross salaries 0.00 withheld
Totals: 11.0 142.0 75.4

Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

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