Former Spanish colonies 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.
CONTENTS
| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| 1 | Bolivia | 1,080 hours | 2006 | ||
| 2 | Venezuela | 864 hours | 2006 | ||
| 3 | Argentina | 615 hours | 2006 | ||
| 4 | Ecuador | 600 hours | 2006 | ||
| 5 | Panama | 560 hours | 2006 | ||
| 6 | Mexico | 552 hours | 2006 | ||
| 7 | Colombia | 456 hours | 2006 | ||
| 8 | Chile | 432 hours | 2006 | ||
| =9 | Peru | 424 hours | 2006 | ||
| =9 | Honduras | 424 hours | 2006 | ||
| 11 | Costa Rica | 402 hours | 2006 | ||
| 12 | Paraguay | 328 hours | 2006 | ||
| 13 | Uruguay | 300 hours | 2006 | ||
| 14 | Guatemala | 294 hours | 2006 | ||
| 15 | Nicaragua | 240 hours | 2006 | ||
| 16 | El Salvador | 224 hours | 2006 | ||
| 17 | Equatorial Guinea | 212 hours | 2006 | ||
| 18 | Dominican Republic | 178 hours | 2006 | ||
| 19 | Philippines | 94 hours | 2006 |
