Cyprus: Tax preparation time

* indicates monthly or quarterly data series

Tax preparation time, in hours

 Latest value 120
 Year 2019
 Measure hours
 Data availability 2008 - 2019
 Average 140
 Min - Max 120 - 149
 Source The World Bank (doing business survey)
For that indicator, we provide data for Cyprus from 2008 to 2019. The average value for Cyprus during that period was 140 hours with a minimum of 120 hours in 2019 and a maximum of 149 hours in 2008. The latest value from 2019 is 120 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
Cyprus - Tax preparation time - recent values

Historical chart
Cyprus - Tax preparation time - historical chart - 2008-2019

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 18.48 2022 percent
 Government spending, in dollars 5.40 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 2.10 2022 percent
 Government debt 86.50 2022 percent
 Government expenditure 1.34 Q3/2023 billion
 Tax revenue 23.23 2021 percent
 Commercial tax rate 22.40 2019 percent
 Tax preparation time 120 2019 hours
 Number of taxes 16 2019 taxes
 Taxes on goods and services 31.65 2021 percent
 Taxes on international trade 0.16 2021 percent
 Income and profits taxes 25.12 2021 percent
 Foreign aid 59.86 2004 million U.S. dollars
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