Libya: Tax preparation time

* indicates monthly or quarterly data series

Tax preparation time, in hours

 Latest value 889
 Year 2019
 Measure hours
 Data availability 2012 - 2019
 Average 889
 Min - Max 889 - 889
 Source The World Bank (doing business survey)
For that indicator, we provide data for Libya from 2012 to 2019. The average value for Libya during that period was 889 hours with a minimum of 889 hours in 2012 and a maximum of 889 hours in 2012. The latest value from 2019 is 889 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
Libya - Tax preparation time - Recent values chart

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 value Reference Measure
 Government spending, percent of GDP 24.50 2021 percent
 Government spending, in dollars 16.07 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 0.10 2023 percent
 Commercial tax rate 32.60 2019 percent
 Tax preparation time 889 2019 hours
 Number of taxes 19 2019 taxes
 Foreign aid 345.07 2021 million U.S. dollars
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