Republic of Namibia | Department of Mayotte | Territory of Christmas Island | Saint Pierre and Miquelon | Territory of Norfolk Island | Republic of the Marshall Islands | Western Sahara | Antarctica | South Georgia and the South Sandwich Islands | Republic of Kosovo | Territory of Heard Island and McDonald Islands | British Indian Ocean Territory | Saint Helena, Ascension and Tristan da Cunha | Scotland | Bailiwick of Guernsey | Bouvet Island | Territory of the French Southern and Antarctic Lands | Collectivity of Saint-Barthélemy | Northern Ireland | Territory of the Wallis and Futuna Islands | Åland Islands | Pitcairn, Henderson, Ducie and Oeno Islands | Bailiwick of Jersey | Tokelau | Wales | Republic of Nauru | England | Vatican City State | Falkland Islands | Greenland | Svalbard and Jan Mayen | Isle of Man | Principality of Monaco | Hong Kong Special Administrative Region of the People's Republic of China | United States Minor Outlying Islands | Territory of the Cocos (Keeling) Islands | Time to comply with VAT refund (hours) (DB17-20 methodology)

The time to comply with VAT refund measures the time spent preparing and submitting the refund claim and the time spent preparing information for the tax officers, if, in 50% or more of cases, a company that requests a VAT cash refund arising from a capital purchase would be selected for an additional review. The component indicator is computed based on the methodology in the DB17-20 studies. Development relevance: Governments need sustainable sources of funding for social programs and public investments to foster economic growth and development. The amount of the tax cost for businesses matters for investment and growth. Keeping tax rates at a reasonable level can encourage the development of the private sector and the formalization of businesses. Efficient tax administration can help encourage businesses to become formally registered, thereby expanding the tax base and increasing tax revenues. Limitations and exceptions: The Doing Business methodology has five limitations that should be considered when interpreting the data. First, for most economies the collected data refer to businesses in the largest business city and may not be representative of regulation in other parts of the economy. Second, the data often focus on a specific business form—generally a limited liability company (or its legal equivalent) of a specified size—and may not be representative of the regulation on other businesses. Third, transactions described in a standardized case scenario refer to a specific set of issues and may not represent the full set of issues that a business encounters. Fourth, the measures of time involve an element of judgment by the expert respondents. When sources indicate different estimates, the time indicators reported in Doing Business represent the median values of several responses given under the assumptions of the standardized case. Finally, the methodology assumes that a business has full information on what is required and does not waste time when completing procedures. In practice, completing a procedure may take longer if the business lacks information or is unable to follow up promptly. Alternatively, the business may choose to disregard some burdensome procedures. For both reasons the time delays reported in Doing Business would differ from the recollection of entrepreneurs reported in the World Bank Group Enterprise questionnaires or other firm-level questionnaires.. Statistical concept and methodology: Data are collected by the World Bank Group with a standardized questionnaire that uses a simple business case to ensure comparability across economies and over time—with assumptions about the legal form of the business, its size, its location and nature of its operation. Questionnaires are administered to more than 13,800 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials and other professionals routinely administering or advising on legal and regulatory requirements. The Doing Business data are based on a detailed reading of domestic laws, regulations and administrative requirements as well as their implementation in practice as experienced by private firms. The report covers 190 economies—including some of the smallest and poorest economies, for which little or no data are available from other sources. The data are collected through several rounds of communication with expert respondents (both private sector practitioners and government officials), through responses to questionnaires, conference calls, written correspondence and visits by the team. Doing Business relies on four main sources of information: the relevant laws and regulations, Doing Business respondents, the governments of the economies covered and the World Bank Group regional staff.
Publisher
The World Bank
Origin
Territory of the Cocos (Keeling) Islands
Records
17
Source
Create chart Download showed records Download Full dataset
Republic of Namibia | Department of Mayotte | Territory of Christmas Island | Saint Pierre and Miquelon | Territory of Norfolk Island | Republic of the Marshall Islands | Western Sahara | Antarctica | South Georgia and the South Sandwich Islands | Republic of Kosovo | Territory of Heard Island and McDonald Islands | British Indian Ocean Territory | Saint Helena, Ascension and Tristan da Cunha | Scotland | Bailiwick of Guernsey | Bouvet Island | Territory of the French Southern and Antarctic Lands | Collectivity of Saint-Barthélemy | Northern Ireland | Territory of the Wallis and Futuna Islands | Åland Islands | Pitcairn, Henderson, Ducie and Oeno Islands | Bailiwick of Jersey | Tokelau | Wales | Republic of Nauru | England | Vatican City State | Falkland Islands | Greenland | Svalbard and Jan Mayen | Isle of Man | Principality of Monaco | Hong Kong Special Administrative Region of the People's Republic of China | United States Minor Outlying Islands | Territory of the Cocos (Keeling) Islands | Time to comply with VAT refund (hours) (DB17-20 methodology)
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
35.5 2016
35.5 2017
35.5 2018
27 2019
27 2020

Republic of Namibia | Department of Mayotte | Territory of Christmas Island | Saint Pierre and Miquelon | Territory of Norfolk Island | Republic of the Marshall Islands | Western Sahara | Antarctica | South Georgia and the South Sandwich Islands | Republic of Kosovo | Territory of Heard Island and McDonald Islands | British Indian Ocean Territory | Saint Helena, Ascension and Tristan da Cunha | Scotland | Bailiwick of Guernsey | Bouvet Island | Territory of the French Southern and Antarctic Lands | Collectivity of Saint-Barthélemy | Northern Ireland | Territory of the Wallis and Futuna Islands | Åland Islands | Pitcairn, Henderson, Ducie and Oeno Islands | Bailiwick of Jersey | Tokelau | Wales | Republic of Nauru | England | Vatican City State | Falkland Islands | Greenland | Svalbard and Jan Mayen | Isle of Man | Principality of Monaco | Hong Kong Special Administrative Region of the People's Republic of China | United States Minor Outlying Islands | Territory of the Cocos (Keeling) Islands | Time to comply with VAT refund (hours) (DB17-20 methodology)

The time to comply with VAT refund measures the time spent preparing and submitting the refund claim and the time spent preparing information for the tax officers, if, in 50% or more of cases, a company that requests a VAT cash refund arising from a capital purchase would be selected for an additional review. The component indicator is computed based on the methodology in the DB17-20 studies. Development relevance: Governments need sustainable sources of funding for social programs and public investments to foster economic growth and development. The amount of the tax cost for businesses matters for investment and growth. Keeping tax rates at a reasonable level can encourage the development of the private sector and the formalization of businesses. Efficient tax administration can help encourage businesses to become formally registered, thereby expanding the tax base and increasing tax revenues. Limitations and exceptions: The Doing Business methodology has five limitations that should be considered when interpreting the data. First, for most economies the collected data refer to businesses in the largest business city and may not be representative of regulation in other parts of the economy. Second, the data often focus on a specific business form—generally a limited liability company (or its legal equivalent) of a specified size—and may not be representative of the regulation on other businesses. Third, transactions described in a standardized case scenario refer to a specific set of issues and may not represent the full set of issues that a business encounters. Fourth, the measures of time involve an element of judgment by the expert respondents. When sources indicate different estimates, the time indicators reported in Doing Business represent the median values of several responses given under the assumptions of the standardized case. Finally, the methodology assumes that a business has full information on what is required and does not waste time when completing procedures. In practice, completing a procedure may take longer if the business lacks information or is unable to follow up promptly. Alternatively, the business may choose to disregard some burdensome procedures. For both reasons the time delays reported in Doing Business would differ from the recollection of entrepreneurs reported in the World Bank Group Enterprise questionnaires or other firm-level questionnaires.. Statistical concept and methodology: Data are collected by the World Bank Group with a standardized questionnaire that uses a simple business case to ensure comparability across economies and over time—with assumptions about the legal form of the business, its size, its location and nature of its operation. Questionnaires are administered to more than 13,800 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials and other professionals routinely administering or advising on legal and regulatory requirements. The Doing Business data are based on a detailed reading of domestic laws, regulations and administrative requirements as well as their implementation in practice as experienced by private firms. The report covers 190 economies—including some of the smallest and poorest economies, for which little or no data are available from other sources. The data are collected through several rounds of communication with expert respondents (both private sector practitioners and government officials), through responses to questionnaires, conference calls, written correspondence and visits by the team. Doing Business relies on four main sources of information: the relevant laws and regulations, Doing Business respondents, the governments of the economies covered and the World Bank Group regional staff.
Publisher
The World Bank
Origin
Territory of the Cocos (Keeling) Islands
Records
17
Source
Create chart Download showed records Download Full dataset