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Metadata Glossary

CodeIC.TAX.DURS
Indicator NameTime to prepare and pay taxes (hours)
Long definitionTime 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.
SourceWorld Bank, Doing Business project (http://www.doingbusiness.org/).
TopicPrivate Sector & Trade: Business environment
PeriodicityAnnual
Aggregation methodUnweighted average
Limitations and exceptionsTo make the data comparable across countries, several assumptions are made about businesses. The main assumptions are that they are limited liability companies, they operate in the country's most populous city, they are domestically owned, they perform general industrial or commercial activities, and they have certain levels of start-up capital, employees, and turnover. The Doing Business methodology on business taxes is consistent with the Total Tax Contribution framework developed by PricewaterhouseCoopers (now PwC), which measures the taxes that are borne by companies and that affect their income statements. However, PwC bases its calculation on data from the largest companies in the economy, while Doing Business focuses on a standardized medium-size company.
General commentsData are presented for the survey year instead of publication year.
License TypeCC BY-4.0
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