Statizoid

Paying taxes: Time to obtain VAT refund (weeks) in Cyprus

Cyprus: Paying taxes: Time to obtain VAT refund (weeks) was 43.79 DB17-20 methodology in 2019. ◆ Volatile

Latest (2019)
43.79 DB17-20 methodology
Change on year
unchanged
World rank
17th
of 101 countries
All-time high
43.79 DB17-20 methodology
in 2017
All-time low
7.5 DB17-20 methodology
in 2015
Years of data
5
2015–2019

Paying taxes: Time to obtain VAT refund (weeks) in Cyprus, 2015–2019

102030402015201720192015: 7.5 DB17-20 methodology2016: 7.5 DB17-20 methodology2017: 43.8 DB17-20 methodology2018: 43.8 DB17-20 methodology2019: 43.8 DB17-20 methodology

Source: World Bank. Measured in DB17-20 methodology.

Analysis

Cyprus recorded 43.79 DB17-20 methodology for paying taxes: time to obtain vat refund (weeks) in 2019. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 483.8% over five years.

Cyprus ranks 17th of 101 countries on this measure, in the top quarter.

Countries ranked near Cyprus

  1. 14 Indonesia 47.74 DB17-20 methodology compare
  2. 15 Malawi 44.31 DB17-20 methodology compare
  3. 16 Gabon 44.17 DB17-20 methodology compare
  4. 18 Lebanon 43.64 DB17-20 methodology compare
  5. 19 Saint Kitts and Nevis 42.64 DB17-20 methodology compare
  6. 20 Nicaragua 42.6 DB17-20 methodology compare

See the full ranking of 102 places →

More reference data data for Cyprus

All data for Cyprus →

Frequently asked questions

What is paying taxes: time to obtain vat refund (weeks) in Cyprus?
Paying taxes: time to obtain vat refund (weeks) in Cyprus was 43.79 DB17-20 methodology in 2019, according to the World Bank.
What is the highest paying taxes: time to obtain vat refund (weeks) recorded in Cyprus?
The highest recorded value was 43.79 DB17-20 methodology in 2017.
What is the lowest paying taxes: time to obtain vat refund (weeks) recorded in Cyprus?
The lowest recorded value was 7.5 DB17-20 methodology in 2015.
How does Cyprus rank for paying taxes: time to obtain vat refund (weeks)?
Cyprus ranks 17th out of 101 countries with data for 2019.
Where does this Cyprus data come from?
The figures come from the World Bank, published as part of Paying taxes: Time to obtain VAT refund (weeks) (DB17-20 methodology). Statizoid updates them automatically from the source API.

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About this data

Indicator
Paying taxes: Time to obtain VAT refund (weeks) (DB17-20 methodology)
Unit
DB17-20 methodology
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
102 places, 510 data points, 2015–2019
Last refreshed

The time to obtain VAT refund measures the time from purchase of the machine to the date of submission of the refund claim (this is equal to half the filing period), the length of any mandatory period that the excess output VAT must be carried forward before a claim can be made, and the time from the submission of the VAT refund claim to the date the refund is received. If a company that requests a VAT cash refund arising from a capital purchase would be selected for additional review in 50% or more of cases, the duration of the review is included in the time to obtain a VAT refund. The component indicator is computed based on the methodology in the DB17-20 studies.