Maldives vs Panama: Paying taxes: Time
Maldives
390.5 hours per year
in 2019
Panama
408 hours per year
in 2019
Maldives rank
19th
Panama rank
17th
Paying taxes: Time over time
- Maldives
- Panama
How they compare
Panama currently reports 408 hours per year against 390.5 hours per year in Maldives, a difference of 17.5 hours per year.
Across all 15 years both countries report, Panama has been ahead every year.
Maldives ranks 19th and Panama ranks 17th of 187 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Maldives | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0 hours per year | 513.2 hours per year | 513.2 hours per year | Panama |
| 2010s | 304.95 hours per year | 429.6 hours per year | 124.65 hours per year | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: time, Maldives or Panama?
- Panama, at 408 hours per year against 390.5 hours per year in Maldives as of 2019.
- What is the difference in paying taxes: time between Maldives and Panama?
- 17.5 hours per year, with Panama ahead.
- How many years of comparable data are there for Maldives and Panama?
- 15 years are reported by both, from 2005 to 2019.
- How do Maldives and Panama rank globally for paying taxes: time?
- Maldives ranks 19th and Panama ranks 17th of 187 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Time (hours per year). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The time to comply with tax laws measures the time taken to prepare, ?le and pay three major types of taxes and contributions: the corporate income tax, value added or sales tax and labor taxes, including payroll taxes and social contributions.