South Korea: Tax preparation time

* indicates monthly or quarterly data series
 South Korea

Tax preparation time, in hours

 Latest value 174
 Year 2019
 Measure hours
 Data availability 2005 - 2019
 Average 223
 Min - Max 174 - 290
 Source The World Bank (doing business survey)
For that indicator, we provide data for South Korea from 2005 to 2019. The average value for South Korea during that period was 223 hours with a minimum of 174 hours in 2019 and a maximum of 290 hours in 2005. The latest value from 2019 is 174 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
South Korea - Tax preparation time - Recent values chart

Historical chart
South Korea - 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 18.77 2022 percent
 Government spending, in dollars 314.15 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.00 2022 percent
 Government debt 49.40 2022 percent
 Government expenditure 102,117.30 Q3/2023 billion
 Long-term government bond yield 3.95 9/2023 percent
 Tax revenue 16.73 2021 percent
 Commercial tax rate 33.20 2019 percent
 Tax preparation time 174 2019 hours
 Number of taxes 12 2019 taxes
 Taxes on goods and services 18.68 2021 percent
 Taxes on international trade 1.38 2021 percent
 Income and profits taxes 30.40 2021 percent
 Foreign aid -71.54 2004 million U.S. dollars
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