Micronesia: Tax preparation time
* indicates monthly or quarterly data series
| Micronesia |
Tax preparation time, in hours |
|---|---|
| Latest value | 128 |
| Year | 2019 |
| Measure | hours |
| Data availability | 2005 - 2019 |
| Average | 128 |
| Min - Max | 128 - 128 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 128 hours, unchanged from 128 hours in 2018. In comparison, the world average is 235 hours, based on data from 184 countries. Historically, the average for Micronesia from 2005 to 2019 is 128 hours. The minimum value, 128 hours, was reached in 2005 while the maximum of 128 hours was recorded in 2005.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
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.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 58.31 | 1983 | percent |
| Government spending, in dollars | 0.06 | 1983 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 4.46 | 2021 | percent |
| Government debt | 17.03 | 2021 | percent |
| Tax revenue | 6.43 | 2020 | percent |
| Commercial tax rate | 60.50 | 2019 | percent |
| Tax preparation time | 128 | 2019 | hours |
| Number of taxes | 21 | 2019 | taxes |
| Taxes on goods and services | 3.40 | 2020 | percent |
| Taxes on international trade | 4.50 | 2020 | percent |
| Income and profits taxes | 10.94 | 2020 | percent |
| Foreign aid | 130.76 | 2021 | million U.S. dollars |