Korea - Time to prepare and pay taxes

Time to prepare and pay taxes (hours)

Time to prepare and pay taxes (hours) in Korea was 225.00 as of 2011. Its highest value over the past 6 years was 290.00 in 2007, while its lowest value was 225.00 in 2011.

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:

• Thematic map
• Country comparison
• Country ranking

Year	Value
2005	290.00
2006	290.00
2007	290.00
2008	250.00
2009	250.00
2010	250.00
2011	225.00

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment