Public Notices
Public Notice: Proposed Amendment to the AEOI Regulations 2016
Notice is hereby given to the general public and all interested parties that a proposed amendment to the AEOI Regulations 2016 is attached. Members of the public are invited to review the proposed amendment and submit their views or comments. This public consultation is conducted in accordance with the Marshall Islands Administrative Procedure Act 1979
Public Notice: Proposed Amendment to the AEOI Regulations 2016 Read More »
Financial Access and the Path to USDM1
Part 1: The RMI and the Correspondent Banking Crisis in the Pacific Introduction The Republic of the Marshall Islands (RMI) is a sovereign nation and former U.S. territory positioned between Hawai‘i and Australia, with the major economies of East Asia just beyond its western horizon. Its roughly 1,200 islands are spread across nearly two million
Public Announcement: ENRA Distributions to begin November 2025
In accordance with Communication No. 44 (2024), which stated that individual support distributions under the ENRA (or Universal Basic Income) social benefit program would begin once mechanisms for fiscal outlay and payment were established, the Ministry of Finance, Banking & Postal Services is pleased to announce that the procedures for fiscal-transfer disbursements have been approved
Public Announcement: ENRA Distributions to begin November 2025 Read More »
Unaudited Q3 Budget Report
This report provides an overview of the budget execution for the third quarter of the Fiscal Year 2025 for the Republic of the Marshall Islands (RMI). The data presented covers unaudited expenditure and revenue from the General Fund and the Compact Fund for the period April 01 to June 30, 2025, based on all information
Unaudited Q2 Budget Report
30th June, 2025 This report provides an overview of the budget execution for the second quarter of the Fiscal Year 20251 for the Republic of the Marshall Islands (RMI). The data presented covers unaudited expenditure and revenue from the General Fund and the Compact Fund for the period January 01 to March 31, 2025, based
Unaudited Q1 Budget Report
5th June, 2025 (Updated on 30th June, 2025) This report provides a summary of budget execution data for the Republic of the Marshall Islands. It presents unaudited expenditure and revenue data for the General Fund and Compact Fund covering the period from October 1 to December 31, 2024, based on information available to the Ministry of Finance
Press Release – March 6, 2025: Amendment to the Income Tax Act 2025
The Ministry of Finance, Banking and Postal Services would like to inform all taxpayers of the most recent Amendment to the Income Tax Act 2025. The Amendment dictates the removal of the 16% tax rate and the establishment of the following tax rates on Wages and Salaries:i) 8% tax rate upon the first $10,400 of
Press Release – March 6, 2025: Amendment to the Income Tax Act 2025 Read More »
Tax Reform Options for the RMI and Estimation of Fiscal and Economic Impact
This Policy Note explores comprehensive tax reform strategies for the Republic of the Marshall Islands (RMI), aiming to modernize its outdated tax system. The RMI is currently benefiting from strong economic performance… Read Article Here
Tax Reform Options for the RMI and Estimation of Fiscal and Economic Impact Read More »