OPEC countries Compared by Government > Time to prepare and pay taxes > Hours
DEFINITION:
Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.
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Interesting observations about Government > Time to prepare and pay taxes > Hours
- Brazil ranked first for time to prepare and pay taxes > hours amongst Hot countries in 2006.
- Nigeria ranked first for time to prepare and pay taxes > hours amongst Muslim countries in 2006.
- Ukraine ranked first for time to prepare and pay taxes > hours amongst Europe in 2006.
- Czech Republic ranked first for time to prepare and pay taxes > hours amongst High income OECD countries in 2006.
- Malawi ranked first for time to prepare and pay taxes > hours amongst Heavily indebted countries in 2006.
- Cameroon ranked first for time to prepare and pay taxes > hours amongst Sub-Saharan Africa in 2006.
- Vietnam ranked first for time to prepare and pay taxes > hours amongst East Asia and Pacific in 2006.
- China ranked third for time to prepare and pay taxes > hours amongst Emerging markets in 2006.
- Germany ranked second last for time to prepare and pay taxes > hours amongst Group of 7 countries (G7) in 2006.
- Belarus ranked first for time to prepare and pay taxes > hours amongst Landlocked countries in 2006.