Philippines: Tax preparation time

* indicates monthly or quarterly data series
 Philippines

Tax preparation time, in hours

 Latest value 171
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 190
 Min - Max 171 - 195
 Source The World Bank (doing business survey)
For that indicator, we provide data for the Philippines from 2005 to 2019. The average value for the Philippines during that period was 190 hours with a minimum of 171 hours in 2019 and a maximum of 195 hours in 2005. The latest value from 2019 is 171 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
Philippines - Tax preparation time - Recent values chart

Historical chart
Philippines - 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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 15.01 2022 percent
 Government spending, in dollars 60.69 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -7.30 2022 percent
 Government debt 60.50 2021 percent
 Government expenditure 872.65 Q3/2023 billion
 Tax revenue 14.62 2022 percent
 Commercial tax rate 43.10 2019 percent
 Tax preparation time 171 2019 hours
 Number of taxes 13 2019 taxes
 Taxes on goods and services 25.86 2022 percent
 Taxes on international trade 24.34 2022 percent
 Income and profits taxes 34.91 2022 percent
 Foreign aid 1,632.45 2021 million U.S. dollars
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