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Marshall Islands: Personal Taxation

Social Security Taxes

There is no Marshall Islands social security tax liability for non-resident domestic companies or their employees.

With respect to employees of resident companies, businesses are also required to make quarterly social security contributions on "covered earnings", defined as the compensation paid to employees up to US$5,000 per quarter.

From the employee's wages, the employer is to withhold and pay to the Social Security Administration 7% of covered earnings.

From the employer's revenues, the employer is to contribute to the Social Security Administration for the benefit of the employee another 7% of covered earnings.

Businesses are required to make quarterly health insurance contributions on covered earnings. From the employee's wages, the employer is to withhold and pay to the Social Security Administration 3.5% of covered earnings.

From the employer's revenues, the employer is to pay to the Social Security Administration for the benefit of the employee another 3.5% of covered earnings.

 

 

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