Korea - Time to prepare and pay taxes
Time to prepare and pay taxes (hours)
Time to prepare and pay taxes (hours) in Korea was 174.00 as of 2019. Its highest value over the past 14 years was 290.00 in 2007, while its lowest value was 174.00 in 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.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2005 | 290.00 |
| 2006 | 290.00 |
| 2007 | 290.00 |
| 2008 | 250.00 |
| 2009 | 250.00 |
| 2010 | 250.00 |
| 2011 | 225.00 |
| 2012 | 207.00 |
| 2013 | 187.00 |
| 2014 | 187.00 |
| 2015 | 188.00 |
| 2016 | 188.00 |
| 2017 | 188.00 |
| 2018 | 188.00 |
| 2019 | 174.00 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
