Laos: Tax preparation time

* indicates monthly or quarterly data series
 Laos

Tax preparation time, in hours

 Latest value 362
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 437
 Min - Max 362 - 672
 Source The World Bank (doing business survey)
The latest value from 2019 is 362 hours, unchanged from 362 hours in 2018. In comparison, the world average is 235 hours, based on data from 184 countries. Historically, the average for Laos from 2005 to 2019 is 437 hours. The minimum value, 362 hours, was reached in 2009 while the maximum of 672 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
Laos - Tax preparation time - Recent values chart

Historical series
Laos - 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 13.97 2016 percent
 Government spending, in dollars 2.22 2016 billion U.S. dollars
 Fiscal balance, percent of GDP -0.64 2023 percent
 Government debt 115.88 2023 percent
 Tax revenue 12.11 2022 percent
 Commercial tax rate 24.10 2019 percent
 Tax preparation time 362 2019 hours
 Number of taxes 35 2019 taxes
 Taxes on goods and services 53.89 2022 percent
 Taxes on international trade 8.08 2022 percent
 Income and profits taxes 19.33 2022 percent
 Foreign aid 547.74 2022 million U.S. dollars
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