Singapore: Tax preparation time

* indicates monthly or quarterly data series
 Singapore

Tax preparation time, in hours

 Latest value 64
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 72
 Min - Max 49 - 86
 Source The World Bank (doing business survey)
For that indicator, we provide data for Singapore from 2005 to 2019. The average value for Singapore during that period was 72 hours with a minimum of 49 hours in 2005 and a maximum of 86 hours in 2009. The latest value from 2019 is 64 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.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Singapore - Tax preparation time - Recent values chart

Historical chart
Singapore - 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 10.02 2022 percent
 Government spending, in dollars 46.76 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 3.58 2023 percent
 Government debt 162.14 2023 percent
 Government expenditure 16.13 Q3/2023 billion
 Tax revenue 13.12 2021 percent
 Commercial tax rate 21.00 2019 percent
 Tax preparation time 64 2019 hours
 Number of taxes 5 2019 taxes
 Taxes on goods and services 20.82 2021 percent
 Taxes on international trade 0.05 2007 percent
 Income and profits taxes 36.92 2021 percent
 Foreign aid 9.14 2004 million U.S. dollars
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