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Former Spanish colonies Compared by Economy > Entrepreneurship > Paying Taxes > Index ranking

DEFINITION: Doing Business records the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. Taxes are measured at all levels of government and include the corporate income tax, the personal income tax withheld by the company, the value added tax or sales tax, property taxes, property transfer taxes, the dividend tax, the capital gains tax, the financial transactions tax, waste collection taxes and vehicle and road taxes. To measure the tax paid by a standardized business and the complexity of a country’s tax law, a case study is prepared with a set of financial statements and assumptions about transactions made over the year. Experts in each country compute the taxes owed for their jurisdiction based on the standardized case facts. Information on the frequency of filing, audits and other costs of compliance is also compiled. The project is developed and implemented in cooperation with PricewaterhouseCoopers. NOTE: This is a ranking derived from several indicators, 1 being the best (ranked first). The higher the number on this graph, the lower their overall ranking. Invert this graph by clicking on 'Amount' at the top. Consult source for details on methodology.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Colombia 148 2005
2 Bolivia 146 2005
3 Venezuela 145 2005
4 Uruguay 144 2005
5 Argentina 143 2005
6 Peru 133 2005
7 Nicaragua 130 2005
8 Costa Rica 129 2005
9 Guatemala 125 2005
10 Dominican Republic 124 2005
11 Honduras 113 2005
12 Mexico 95 2005
13 Panama 93 2005
14 Ecuador 86 2005
15 El Salvador 82 2005
16 Philippines 80 2005
17 Paraguay 71 2005
18 Chile 63 2005

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Former Spanish colonies Compared by Economy > Entrepreneurship > Paying Taxes > Index ranking

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