Corporate Tax Compliance Regime | Global Finance

Ease of Paying Taxes

Rank:1-30                                                

Rank:31-60

Rank:91-120

Rank:61-90

Rank:121-150

Rank:151-183

Ease of Paying Corporate Taxes

In addition to tax rates, another factor of importance to companies is the amount of time and effort spent on tax compliance and reporting. DoingBusiness.org ranks countries worldwide on their ease of paying taxes—which includes the total number of taxes and contributions paid, the method of payment, the frequency of payment and the number of agencies involved. The ranking includes both corporate income tax and consumption taxes—such as sales tax or VAT, which also add to the administrative burden of tax reporting.

The Maldives have the simplest corporate tax regime, followed by Qatar, Hong Kong, the UAE, and Singapore. Ireland has the easiest tax regime for corporations in Europe—ranked 6 worldwide. In North America, Canada has the simplest regime for corporate tax compliance—ranked 28 overall worldwide. The United States was ranked 61 and Mexico had a ranking of 106.

Suriname tops the rankings for South America—at number 36—while Chile came in at 45 and Brazil at 150. In Asia-Pacific, Australia comes in the middle at 47, and China has a relatively complex tax regime—coming in at 125.

The most difficult countries to manage tax payments—those countries that came at the bottom of the ranking— include the Congo, the Ukraine, Venezuela and Belarus.

Sources The World Bank: Definitions of Highest Marginal Tax Rate The World Bank: Homepage The World Bank: Indicators 2010 The World Bank: Statistics Marginal Tax Rate DoingBusiness.org: Homepage DoingBusiness.org: Economy Rankings, Paying Taxes Methodology The Tax Foundation: Corporate Tax Statistics, OECD Countries, 2008-2009