Liberia: Tax preparation time
* indicates monthly or quarterly data series
| Liberia |
Tax preparation time, in hours |
|---|---|
| Latest value | 140 |
| Year | 2019 |
| Measure | hours |
| Data availability | 2006 - 2019 |
| Average | 146 |
| Min - Max | 140 - 151 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 140 hours, unchanged from 140 hours in 2018. In comparison, the world average is 235 hours, based on data from 184 countries. Historically, the average for Liberia from 2006 to 2019 is 146 hours. The minimum value, 140 hours, was reached in 2015 while the maximum of 151 hours was recorded in 2011.
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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 |
|---|---|---|---|
| Fiscal balance, percent of GDP | -3.00 | 2023 | percent |
| Government debt | 53.90 | 2022 | percent |
| Tax revenue | 12.46 | 2013 | percent |
| Commercial tax rate | 46.20 | 2019 | percent |
| Tax preparation time | 140 | 2019 | hours |
| Number of taxes | 33 | 2019 | taxes |
| Foreign aid | 598.99 | 2021 | million U.S. dollars |