Paying Taxes

This topic addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The table below shows the main indicators. They include:

total number of tax payments per year
time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year)
amount of taxes on profits paid by the business as a percentage of commercial profits
amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits. This amount include mandatory social security contributions paid by the employer both to public and private entities, as well as other taxes or contributions related to employing workers.
amount of taxes and mandatory contributions paid by the business that are not already included in the previous 2 categories
total amount of taxes and mandatory contributions payable by the business

To see the details for a specific economy, use the dropdown box on the right or click on the links below. Click on column headers to sort data.

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Paying Taxes 2010 - The Global Picture - This new report provides data on total tax rates, payment frequency, and the time needed to comply with tax regulations in 183 economies.

Research

The Effect of Corporate Taxes on Investment and Entrepreneurship, by Djankov and others (PDF, 761KB), January 2008

Region or Economy	Payments (number per year)	Time (hours per year)	Profit tax (%)	Labor tax and contributions (%)	Other taxes (%)	Total tax rate (% profit)
OECD	12.8	194.1	16.8	24.4	3.3	44.5
Middle East & North Africa	22.9	204.2	12.7	15.2	5.0	32.9
East Asia & Pacific	24.6	227.2	18.3	10.3	7.5	36.1
Eastern Europe & Central Asia	46.3	336.3	10.9	23.1	9.4	43.4
Latin America & Caribbean	33.2	385.2	20.4	14.7	13.2	48.3
South Asia	31.3	284.5	17.9	7.8	14.2	40.0
Sub-Saharan Africa	37.7	306.0	23.9	13.1	30.5	67.5
Iraq	13	312	14.9	13.5	0.0	28.4
Kiribati	7	120	23.4	8.5	0.0	31.8
Kuwait	15	118	4.7	10.7	0.0	15.5
Lebanon	19	180	6.1	24.1	0.0	30.2
Qatar	1	36	0.0	11.3	0.0	11.3
Saudi Arabia	14	79	2.1	12.4	0.0	14.5
Suriname	17	199	27.9	0.0	0.0	27.9
Micronesia, Fed. Sts.	21	128	52.0	6.8	0.0	58.7
Brunei Darussalam	15	144	24.7	5.6	0.0	30.3
Samoa	37	224	11.9	7.0	0.0	18.9
United Arab Emirates	14	12	0.0	14.1	0.0	14.1
Oman	14	62	9.7	11.8	0.1	21.6
Indonesia	51	266	26.9	10.6	0.1	37.6
Fiji	33	150	30.8	10.2	0.2	41.2
Timor-Leste	6	276	0.0	0.0	0.2	0.2
Hong Kong, China	4	80	18.6	5.3	0.3	24.2
Moldova	48	228	0.0	30.8	0.3	31.1
Vietnam	32	1,050	20.6	19.2	0.3	40.1
Bahrain	25	36	0.0	14.7	0.4	15.0
Iran, Islamic Rep.	22	344	17.9	25.9	0.4	44.2
Spain	8	213	21.2	35.1	0.5	56.9
Ghana	33	224	18.1	14.1	0.6	32.7
West Bank and Gaza	27	154	16.2	0.0	0.6	16.8
Malawi	19	157	24.0	1.1	0.7	25.8
Guatemala	24	344	25.9	14.3	0.7	40.9
Nigeria	35	938	21.8	9.7	0.7	32.2
Seychelles	16	76	20.8	22.6	0.7	44.1
El Salvador	53	320	17.0	17.2	0.8	35.0
New Zealand	8	70	29.4	2.6	0.8	32.8
Botswana	19	140	16.2	0.0	0.9	17.1
Finland	8	243	17.1	29.6	1.0	47.7
Uganda	32	161	23.3	11.3	1.1	35.7
Armenia	50	958	12.1	23.0	1.1	36.2
Mongolia	43	192	9.3	12.4	1.1	22.8
Australia	12	107	25.8	21.0	1.1	48.0
Tonga	20	164	26.3	0.0	1.2	27.5
Norway	4	87	24.4	15.9	1.3	41.6
Mexico	6	517	22.9	26.7	1.3	51.0
Netherlands	9	164	20.7	17.3	1.3	39.3
Morocco	28	358	18.1	22.2	1.4	41.7
Yemen, Rep.	44	248	35.1	11.3	1.4	47.8
Belize	40	147	20.4	7.0	1.4	28.9
Kosovo	33	163	21.2	5.6	1.5	28.3
Luxembourg	22	59	4.1	15.3	1.5	20.9
Sweden	2	122	16.4	36.6	1.6	54.6
Croatia	17	196	11.4	19.4	1.6	32.5
Belgium	11	156	5.3	50.2	1.8	57.3
Montenegro	89	372	8.3	18.8	1.8	28.9
Dominican Republic	9	324	19.3	17.8	1.8	39.0
Portugal	8	328	14.3	26.8	1.9	42.9
Greece	10	224	13.9	31.7	1.9	47.4
Slovak Republic	31	257	7.1	39.6	1.9	48.6
Ukraine	147	736	12.3	43.1	1.9	57.2
Georgia	18	387	13.3	0.0	2.0	15.3
Malaysia	12	145	16.5	15.6	2.1	34.2
Italy	15	334	22.9	43.4	2.1	68.4
Korea, Rep.	14	250	17.1	12.7	2.1	31.9
Mozambique	37	230	27.7	4.5	2.1	34.3
Romania	113	202	8.2	34.2	2.2	44.6
Serbia	66	279	11.6	20.2	2.2	34.0
Azerbaijan	22	376	13.8	24.8	2.2	40.9
Madagascar	23	201	16.6	20.3	2.3	39.2
Gabon	26	272	19.7	22.7	2.3	44.7
Pakistan	47	560	14.3	15.0	2.3	31.6
Slovenia	22	260	15.2	19.9	2.4	37.5
Ireland	9	76	11.9	12.1	2.5	26.5
Thailand	23	264	29.0	5.7	2.5	37.2
Israel	33	230	24.7	5.3	2.5	32.6
Kazakhstan	9	271	23.5	9.6	2.7	35.9
Ecuador	8	600	18.5	13.7	2.8	34.9
Lao PDR	34	362	25.2	5.6	2.9	33.7
Uruguay	53	336	28.3	15.6	2.9	46.7
St. Lucia	32	92	25.9	5.6	2.9	34.4
Solomon Islands	33	80	24.9	8.5	3.0	36.3
Czech Republic	12	613	4.7	39.5	3.0	47.2
United Kingdom	8	110	21.9	11.0	3.1	35.9
Sudan	42	180	13.8	19.2	3.1	36.1
Dominica	38	120	25.9	7.9	3.2	37.0
Poland	40	395	17.3	21.9	3.3	42.5
Guyana	34	288	26.8	8.8	3.3	38.9
South Africa	9	200	24.5	2.4	3.3	30.2
Switzerland	24	63	9.7	16.6	3.3	29.7
Djibouti	35	114	17.7	17.7	3.3	38.7
St. Vincent and the Grenadines	32	117	32.5	5.1	3.4	41.0
Estonia	10	81	8.1	37.5	3.5	49.1
Lithuania	12	166	4.1	35.1	3.5	42.7
Cambodia	39	173	19.1	0.1	3.5	22.7
Macedonia, FYR	40	75	12.1	0.8	3.5	16.4
Chile	10	316	17.9	3.8	3.5	25.3
Jordan	26	101	15.1	12.4	3.6	31.1
Egypt, Arab Rep.	29	480	13.8	25.6	3.6	43.0
Latvia	7	279	2.2	27.2	3.7	33.0
Lesotho	21	324	14.9	0.0	3.7	18.5
Vanuatu	31	120	0.0	4.5	3.9	8.4
Bulgaria	17	616	4.5	22.9	3.9	31.4
Zambia	37	132	1.7	10.4	4.0	16.1
Taiwan, China	18	281	19.5	16.7	4.2	40.4
Ethiopia	19	198	26.8	0.0	4.3	31.1
Haiti	42	160	23.3	12.4	4.3	40.1
Turkey	15	223	17.0	23.1	4.4	44.5
Rwanda	34	160	21.2	5.7	4.4	31.3
Bhutan	18	274	35.0	1.1	4.4	40.6
Swaziland	33	104	28.1	4.0	4.5	36.6
Namibia	37	375	4.0	1.0	4.6	9.6
Bosnia and Herzegovina	51	422	4.9	17.6	4.6	27.1
Cameroon	41	1,400	27.4	18.3	4.8	50.5
Austria	22	171	16.1	34.6	4.9	55.5
São Tomé and Principe	42	424	35.5	6.8	4.9	47.2
Denmark	9	135	22.0	2.2	5.0	29.2
Singapore	5	84	7.9	14.9	5.0	27.8
Iceland	31	140	7.2	12.8	5.1	25.0
Albania	44	244	8.0	31.9	5.1	44.9
Japan	13	355	33.9	16.5	5.3	55.7
Germany	16	196	17.4	22.0	5.6	44.9
Russian Federation	11	320	10.9	31.8	5.7	48.3
Chad	54	122	31.3	23.9	5.7	60.9
Trinidad and Tobago	40	114	21.6	5.8	5.8	33.1
France	7	132	8.2	51.7	5.9	65.8
Antigua and Barbuda	56	207	26.0	9.5	6.0	41.5
Guinea-Bissau	46	208	14.9	24.8	6.1	45.9
Burkina Faso	46	270	16.1	22.6	6.2	44.9
Costa Rica	42	282	18.9	29.3	6.6	54.8
Mauritania	38	696	61.9	17.6	6.6	86.1
Brazil	10	2,600	21.3	41.3	6.6	69.2
Mali	58	270	12.9	32.6	6.6	52.1
Paraguay	35	328	9.6	18.6	6.7	35.0
Niger	41	270	20.1	19.6	6.8	46.5
Senegal	59	666	14.8	24.1	7.0	46.0
Canada	9	119	23.9	12.5	7.2	43.6
Tanzania	48	172	19.9	18.0	7.3	45.2
Mauritius	7	161	10.6	5.0	7.3	22.9
China	7	504	6.3	49.6	7.9	63.8
Papua New Guinea	33	194	22.0	11.7	8.6	42.3
St. Kitts and Nevis	24	155	32.7	11.3	8.8	52.7
United States	10	187	27.9	9.6	8.8	46.3
Hungary	14	330	9.1	39.4	8.9	57.5
Maldives	1	0	0.0	0.0	9.1	9.1
Bangladesh	21	302	25.7	0.0	9.2	35.0
Jamaica	72	414	28.6	13.0	9.7	51.3
Comoros	20	100	31.4	0.0	9.8	41.1
Kenya	41	417	33.1	6.8	9.9	49.7
Zimbabwe	51	270	24.2	5.1	10.1	39.4
Panama	59	482	17.1	22.6	10.4	50.1
Nepal	34	338	16.8	11.3	10.7	38.8
Guinea	56	416	21.9	17.3	10.7	49.9
Honduras	47	224	26.7	10.7	10.9	48.3
Cyprus	27	149	9.6	7.1	12.0	28.8
Grenada	30	140	27.6	5.6	12.1	45.3
Cape Verde	56	100	18.6	18.5	12.6	49.7
Togo	53	270	11.1	28.3	13.3	52.7
Philippines	47	195	24.9	10.3	14.2	49.4
Côte d'Ivoire	66	270	9.0	20.1	15.7	44.7
Peru	9	380	12.1	11.0	17.2	40.3
Central African Republic	54	504	176.8	8.1	18.9	203.8
Nicaragua	64	240	24.9	19.2	19.2	63.2
Syrian Arab Republic	20	336	23.2	0.0	19.7	42.9
Sri Lanka	62	256	26.5	16.9	20.3	63.7
Equatorial Guinea	46	296	13.5	25.4	20.6	59.5
India	59	271	25.1	18.2	21.4	64.7
Tunisia	22	228	15.0	25.2	22.5	62.8
Benin	55	270	16.7	32.7	23.9	73.3
Puerto Rico	16	218	25.3	12.6	26.9	64.7
Colombia	20	208	17.7	33.9	27.1	78.7
Angola	31	272	24.6	0.0	28.5	53.2
Congo, Rep.	61	606	0.0	32.9	32.6	65.5
Kyrgyz Republic	75	202	3.2	21.4	34.7	59.4
Venezuela, R.B.	71	864	8.1	18.0	34.9	61.1
Algeria	34	451	6.6	29.7	35.7	72.0
Afghanistan	8	275	0.0	0.0	36.4	36.4
Belarus	107	901	22.1	39.6	38.1	99.7
Liberia	32	158	0.0	5.4	38.3	43.7
Tajikistan	54	224	17.7	28.5	39.7	85.9
Bahamas, the	17	58	0.0	6.1	40.9	47.0
Marshall Islands	21	128	0.0	11.8	53.0	64.9
Bolivia	42	1,080	0.0	15.5	64.6	80.0
Uzbekistan	106	356	1.7	27.1	66.1	94.9
Palau	19	128	0.0	6.5	66.5	73.0
Eritrea	18	216	8.8	0.0	75.8	84.5
Argentina	9	453	2.9	29.4	75.8	108.1
Sierra Leone	29	357	0.0	11.3	224.3	235.6
Gambia, the	50	376	41.4	12.8	238.2	292.4
Burundi	32	140	19.4	7.8	251.4	278.6
Congo, Dem. Rep.	32	308	58.9	7.9	255.2	322.0

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Paying Taxes

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