Barbados: Tax preparation time

* indicates monthly or quarterly data series

Tax preparation time, in hours

 Latest value 241
 Year 2019
 Measure hours
 Data availability 2011 - 2019
 Average 240
 Min - Max 237 - 245
 Source The World Bank (doing business survey)
For that indicator, we provide data for Barbados from 2011 to 2019. The average value for Barbados during that period was 240 hours with a minimum of 237 hours in 2012 and a maximum of 245 hours in 2011. The latest value from 2019 is 241 hours. For comparison, the world average in 2019 based on 184 countries is 235 hours. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Barbados - Tax preparation time - Recent values chart

Historical chart
Barbados - Tax preparation time - historical chart - 2011-2019

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.02 2022 percent
 Government spending, in dollars 0.69 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.00 2022 percent
 Government debt 115.50 2023 percent
 Tax revenue 27.42 2016 percent
 Commercial tax rate 35.60 2019 percent
 Tax preparation time 241 2019 hours
 Number of taxes 28 2019 taxes
 Taxes on goods and services 45.88 2016 percent
 Taxes on international trade 8.57 2016 percent
 Income and profits taxes 29.98 2016 percent
 Foreign aid 15.58 2010 million U.S. dollars
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