iCalculator™ MP: Northern Mariana Islands Tax Calculators
Welcome to iCalculator™ MP, your comprehensive suite of free tax calculators for Northern Mariana Islands. iCalculator™ has provided free tax calculators for Northern Mariana Islands since 2019. Since those early days we have extended our resources for Northern Mariana Islands to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Northern Mariana Islands Tax Calculator and salary calculators within our Northern Mariana Islands tax section are based on the latest tax rates published by the Tax Administration in Northern Mariana Islands. In this dedicated Tax Portal for Northern Mariana Islands you can access:
Northern Mariana Islands Tax Calculator 2024/25
The Northern Mariana Islands Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Northern Mariana Islands. This includes calculations for
- Employees in Northern Mariana Islands to calculate their annual salary after tax.
- Employers to calculate their cost of employment for their employees in Northern Mariana Islands.
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Discover the Northern Mariana Islands
The Northern Mariana Islands are a chain of 14 islands in the Western Pacific Ocean, constituting a Commonwealth of the United States. Located north of Guam and south of Japan, these islands are part of the Marianas archipelago, which also includes Guam to the south. The proximity to Asia and Oceania positions the Northern Mariana Islands as a strategic point for cultural exchange and economic activities in the Pacific region.
The economy of the Northern Mariana Islands has traditionally been based on tourism, agriculture, and garment manufacturing. Tourism is the most significant sector, driven by the islands' stunning natural beauty, including pristine beaches, clear waters, and historical World War II sites. Saipan, Tinian, and Rota are the most popular destinations, offering a variety of outdoor and cultural experiences. The local culture is a rich blend of Chamorro, Carolinian, and American influences, with vibrant festivals, traditional music, and crafts highlighting the diverse heritage of the islands.
Agriculture plays a role in the local economy, with the cultivation of tropical fruits, coconuts, and taro, alongside livestock farming. However, the scale is relatively small and primarily focused on domestic consumption. The garment manufacturing industry once thrived but has significantly declined due to global competition and changes in U.S. trade policies.
Recent efforts to diversify the economy have included attempts to develop other sectors such as aquaculture, information technology, and renewable energy. The local government is actively seeking to attract investment and create new opportunities for economic growth beyond the traditional sectors.
The Northern Mariana Islands face challenges such as dependency on imports, vulnerability to natural disasters, and the need for infrastructure development. Despite these challenges, the commonwealth's strategic location and U.S. affiliation provide a stable foundation for growth and development.
For more information on neighboring regions and their economic profiles, visit Guam and Japan.
Tax overview of the Northern Mariana Islands
The taxation system in the Northern Mariana Islands (CNMI) is unique, reflecting its status as a Commonwealth of the United States. The CNMI largely mirrors the U.S. federal tax system, with adaptations to suit its specific needs and circumstances. Residents and businesses in the CNMI are subject to various forms of taxation, designed to fund public services and contribute to the commonwealth's economic development.
Individuals and businesses in the CNMI pay federal income taxes to the local government rather than the U.S. Internal Revenue Service (IRS), with these taxes being the primary source of revenue for the CNMI government. The income tax structure is progressive, similar to the U.S., where rates increase with income levels, applying to both individuals and corporations operating within the islands.
In addition to income taxes, the CNMI imposes other types of taxes, including a business gross revenue tax (BGRT) on companies operating within the islands. This tax is levied on the gross receipts of businesses, serving as a critical funding source for local government services without directly taxing individual purchases.
Property taxes in the CNMI are relatively low and are levied on real estate properties within the commonwealth. These taxes contribute to local infrastructure, education, and public services, supporting community development and well-being.
The CNMI does not have a territorial-wide sales tax or value-added tax (VAT), which differentiates it from many other U.S. territories and states. However, specific excise taxes are applied to certain goods, including alcohol and tobacco, contributing to the commonwealth's revenue.
Efforts to diversify the CNMI's economy and enhance its tax base have led to the exploration of new revenue measures and tax incentives aimed at attracting investment. These include tax credits and exemptions for certain business activities and sectors critical to the CNMI's economic strategy.
Understanding the tax landscape in the Northern Mariana Islands is crucial for individuals and businesses operating or considering investment in the commonwealth. Staying informed about tax regulations, rates, and incentives is essential for effective tax planning and compliance. For more insights and resources on tax management in the CNMI, visit our tax hub, featuring the latest tax tools and comprehensive tax information.