Panama vs Vietnam: Paying taxes: Time
Panama
408 hours per year
in 2019
Vietnam
384 hours per year
in 2019
Panama rank
17th
Vietnam rank
20th
Paying taxes: Time over time
- Panama
- Vietnam
How they compare
Panama currently reports 408 hours per year against 384 hours per year in Vietnam, a difference of 24 hours per year.
That makes Panama's figure about 1.1 times Vietnam's.
The two have swapped places 1 time across 15 shared years of data; in 2005 it was Vietnam ahead.
Panama ranks 17th and Vietnam ranks 20th of 187 countries.
Vietnam has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Vietnam | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 513.2 hours per year | 1,050 hours per year | 536.8 hours per year | Vietnam |
| 2010s | 429.6 hours per year | 718.8 hours per year | 289.2 hours per year | Vietnam |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: time, Panama or Vietnam?
- Panama, at 408 hours per year against 384 hours per year in Vietnam as of 2019.
- What is the difference in paying taxes: time between Panama and Vietnam?
- 24 hours per year, with Panama ahead.
- How many years of comparable data are there for Panama and Vietnam?
- 15 years are reported by both, from 2005 to 2019.
- How do Panama and Vietnam rank globally for paying taxes: time?
- Panama ranks 17th and Vietnam ranks 20th 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.