Malta vs Panama: Paying taxes: Time to comply with corporate income tax correction
Paying taxes: Time to comply with corporate income tax correction over time
- Malta
- Panama
How they compare
Panama currently reports 28 DB17-20 methodology against 24.5 DB17-20 methodology in Malta, a difference of 3.5 DB17-20 methodology.
That makes Panama's figure about 1.1 times Malta's.
Across all 5 years both countries report, Panama has been ahead every year.
Malta ranks 30th and Panama ranks 27th of 181 countries.
Panama 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, Malta or Panama?
- Panama, at 28 DB17-20 methodology against 24.5 DB17-20 methodology in Malta as of 2019.
- What is the difference in paying taxes: time to comply with corporate income tax correction between Malta and Panama?
- 3.5 DB17-20 methodology, with Panama ahead.
- How many years of comparable data are there for Malta and Panama?
- 5 years are reported by both, from 2015 to 2019.
- How do Malta and Panama rank globally for paying taxes: time to comply with corporate income tax correction?
- Malta ranks 30th and Panama ranks 27th 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.
Individual pages
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.