Guatemala: Tax preparation time

* indicates monthly or quarterly data series
 Guatemala

Tax preparation time, in hours

 Latest value 248
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 305
 Min - Max 248 - 344
 Source The World Bank (doing business survey)
The latest value from 2019 is 248 hours, unchanged from 248 hours in 2018. In comparison, the world average is 235 hours, based on data from 184 countries. Historically, the average for Guatemala from 2005 to 2019 is 305 hours. The minimum value, 248 hours, was reached in 2017 while the maximum of 344 hours was recorded in 2005. 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 data
Guatemala - Tax preparation time - Recent values chart

Historical series
Guatemala - Tax preparation time - historical chart - 2005-2019




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.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 11.58 2023 percent
 Government spending, in dollars 11.82 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -1.25 2023 percent
 Government debt 25.83 2023 percent
 Government expenditure 21.63 Q2/2024 billion
 Tax revenue 11.90 2022 percent
 Commercial tax rate 35.20 2019 percent
 Tax preparation time 248 2019 hours
 Number of taxes 8 2019 taxes
 Taxes on goods and services 53.62 2022 percent
 Taxes on international trade 4.40 2022 percent
 Income and profits taxes 32.89 2022 percent
 Foreign aid 437.75 2022 million U.S. dollars
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