Australia vs Philippines: Paying taxes: Time to comply with corporate income tax correction
Paying taxes: Time to comply with corporate income tax correction over time
- Australia
- Philippines
How they compare
Australia currently reports 1.75 DB17-20 methodology against 1.5 DB17-20 methodology in Philippines, a difference of 0.25 DB17-20 methodology.
That makes Australia's figure about 1.2 times Philippines's.
Across all 5 years both countries report, Australia has been ahead every year.
Australia ranks 167th and Philippines ranks 168th of 181 countries.
Australia has averaged higher in every one of the 1 decades both report.
Frequently asked questions
- Which has higher paying taxes: time to comply with corporate income tax correction, Australia or Philippines?
- Australia, at 1.75 DB17-20 methodology against 1.5 DB17-20 methodology in Philippines as of 2019.
- What is the difference in paying taxes: time to comply with corporate income tax correction between Australia and Philippines?
- 0.25 DB17-20 methodology, with Australia ahead.
- How many years of comparable data are there for Australia and Philippines?
- 5 years are reported by both, from 2015 to 2019.
- How do Australia and Philippines rank globally for paying taxes: time to comply with corporate income tax correction?
- Australia ranks 167th and Philippines ranks 168th of 181 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Time to comply with corporate income tax correction (hours) (DB17-20 methodology). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The time to comply with a corporate income tax correction measures the time spent preparing and submitting the correction, and the time spent preparing information for the tax officers, if, in 25% or more of cases, a company that voluntarily reports an error in its CIT return and an underpayment of the tax due would be selected for additional review. The component indicator is computed based on the methodology in the DB17-20 studies.