Hong Kong: Tax preparation time

* indicates monthly or quarterly data series
 Hong Kong

Tax preparation time, in hours

 Latest value 35
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 47
 Min - Max 35 - 51
 Source The World Bank (doing business survey)
For that indicator, we provide data for Hong Kong from 2005 to 2019. The average value for Hong Kong during that period was 47 hours with a minimum of 35 hours in 2018 and a maximum of 51 hours in 2005. The latest value from 2019 is 35 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
Hong Kong - Tax preparation time - recent values

Historical chart
Hong Kong - 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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.33 2022 percent
 Government spending, in dollars 51.56 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.80 2023 percent
 Government debt 4.27 2022 percent
 Government expenditure 97.17 Q3/2023 billion
 Commercial tax rate 21.90 2019 percent
 Tax preparation time 35 2019 hours
 Number of taxes 3 2019 taxes
 Foreign aid 6.95 2004 million U.S. dollars
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