Brunei: Tax preparation time
* indicates monthly or quarterly data series
| Brunei |
Tax preparation time, in hours |
|---|---|
| Latest value | 53 |
| Year | 2019 |
| Measure | hours |
| Data availability | 2006 - 2019 |
| Average | 102 |
| Min - Max | 53 - 144 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 53 hours, unchanged from 53 hours in 2018. In comparison, the world average is 235 hours, based on data from 184 countries. Historically, the average for Brunei from 2006 to 2019 is 102 hours. The minimum value, 53 hours, was reached in 2018 while the maximum of 144 hours was recorded in 2006.
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 22.82 | 2023 | percent |
| Government spending, in dollars | 3.45 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 1.13 | 2022 | percent |
| Government debt | 2.33 | 2023 | percent |
| Government expenditure | 1.33 | Q4/2024 | billion |
| Commercial tax rate | 8.00 | 2019 | percent |
| Tax preparation time | 53 | 2019 | hours |
| Number of taxes | 5 | 2019 | taxes |
| Foreign aid | 0.77 | 2004 | million U.S. dollars |