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)
For that indicator, we provide data for Micronesia from 2005 to 2019. The average value for Micronesia during that period was 128 hours with a minimum of 128 hours in 2005 and a maximum of 128 hours in 2005. The latest value from 2019 is 128 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
Micronesia - Tax preparation time - Recent values chart

Historical chart
Micronesia - 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 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
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