Paying taxes: Time in Venezuela

Venezuela: Paying taxes: Time was 920 hours per year in 2019. ▼ Falling

Latest (2019)
920 hours per year
Change on year
up 16.2%
World rank
3rd
of 187 countries
All-time high
920 hours per year
in 2019
All-time low
792 hours per year
in 2012
Years of data
15
2005–2019

Paying taxes: Time in Venezuela, 2005–2019

02004006008001.0k2005201220192005: 864 hours per year2006: 864 hours per year2007: 864 hours per year2008: 864 hours per year2009: 864 hours per year2010: 864 hours per year2011: 864 hours per year2012: 792 hours per year2013: 792 hours per year2014: 792 hours per year2015: 792 hours per year2016: 792 hours per year2017: 792 hours per year2018: 792 hours per year2019: 920 hours per year

Source: World Bank. Measured in hours per year.

Analysis

The most recent figure for paying taxes: time in Venezuela is 920 hours per year, measured in 2019. That is the highest value across all 15 years on record.

The figure is up 16.2% on the previous year and up 6.5% over ten years.

Over the whole period, paying taxes: time in Venezuela peaked at 920 hours per year in 2019 and was at its lowest, 792 hours per year, in 2012.

That places Venezuela 3rd out of 187 countries with data for 2019, putting it in the top 10%.

The long-run direction has been consistently falling across the 15 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 864 hours per year 864 hours per year 864 hours per year 5
2010s 819.2 hours per year 792 hours per year 920 hours per year 10

Countries ranked near Venezuela

  1. 1 Brazil 1,501 hours per year compare
  2. 2 Bolivia 1,025 hours per year compare
  3. 4 Libya 889 hours per year compare
  4. 5 Chad 834 hours per year compare
  5. 6 Ecuador 664 hours per year compare

See the full ranking of 189 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is paying taxes: time in Venezuela?
Paying taxes: time in Venezuela was 920 hours per year in 2019, according to the World Bank.
What is the highest paying taxes: time recorded in Venezuela?
The highest recorded value was 920 hours per year in 2019.
What is the lowest paying taxes: time recorded in Venezuela?
The lowest recorded value was 792 hours per year in 2012.
How does Venezuela rank for paying taxes: time?
Venezuela ranks 3rd out of 187 countries with data for 2019.
Is paying taxes: time rising or falling in Venezuela?
Over the last ten years it is up 6.5%. The long-run trend across the full record is falling.
Where does this Venezuela data come from?
The figures come from the World Bank, published as part of Paying taxes: Time (hours per year). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Paying taxes: Time (hours per year)
Unit
hours per year
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
189 places, 2,778 data points, 2005–2019
Last refreshed

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.