* indicates monthly or quarterly data series
Micronesia: Tax preparation time, in hours: For that indicator, The World Bank (doing business survey) provides data for Micronesia from 2005 to 2017. The average value for Micronesia during that period was 128 hours with a minumum of 128 hours in 2005 and a maximum of 128 hours in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.