Paying taxes: Time to obtain VAT refund (weeks) in Iceland
Iceland: Paying taxes: Time to obtain VAT refund (weeks) was 24.48 DB17-20 methodology in 2019. ▬ Flat
Paying taxes: Time to obtain VAT refund (weeks) in Iceland, 2015–2019
Source: World Bank. Measured in DB17-20 methodology.
Analysis
The most recent figure for paying taxes: time to obtain vat refund (weeks) in Iceland is 24.48 DB17-20 methodology, measured in 2019. That is the highest value across all 5 years on record.
Compared with earlier readings it is unchanged over five years.
Iceland ranks 50th of 103 countries on this measure, in the middle of the range.
Paying taxes: Time to obtain VAT refund (weeks) in Iceland, year by year
| Year | DB17-20 methodology | Change |
|---|---|---|
| 2015 | 24.48 DB17-20 methodology | — |
| 2016 | 24.48 DB17-20 methodology | +0.0% |
| 2017 | 24.48 DB17-20 methodology | +0.0% |
| 2018 | 24.48 DB17-20 methodology | +0.0% |
| 2019 | 24.48 DB17-20 methodology | +0.0% |
Iceland compared with similar countries
- Iceland's 24.48 DB17-20 methodology is above the median for high income countries, which is 14.5 DB17-20 methodology, 1.7× the median. (47 countries reporting)
- Iceland's 24.48 DB17-20 methodology is above the median for Europe & Central Asia, which is 14.5 DB17-20 methodology, 1.7× the median. (41 countries reporting)
Countries ranked near Iceland
- 47 Botswana 26.31 DB17-20 methodology compare
- 48 Saint Lucia 25.6 DB17-20 methodology compare
- 49 Bulgaria 24.83 DB17-20 methodology compare
- 51 Slovakia 24.14 DB17-20 methodology compare
- 52 Costa Rica 23.17 DB17-20 methodology compare
- 53 Montenegro 21.85 DB17-20 methodology compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is paying taxes: time to obtain vat refund (weeks) in Iceland?
- Paying taxes: time to obtain vat refund (weeks) in Iceland was 24.48 DB17-20 methodology in 2019, according to the World Bank.
- What is the highest paying taxes: time to obtain vat refund (weeks) recorded in Iceland?
- The highest recorded value was 24.48 DB17-20 methodology in 2015.
- What is the lowest paying taxes: time to obtain vat refund (weeks) recorded in Iceland?
- The lowest recorded value was 24.48 DB17-20 methodology in 2015.
- How does Iceland rank for paying taxes: time to obtain vat refund (weeks)?
- Iceland ranks 50th out of 103 countries with data for 2019.
- Where does this Iceland 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.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.