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

South Korea: Paying taxes: Time to obtain VAT refund (weeks) was 8.64 DB17-20 methodology in 2019. ▬ Flat

Latest (2019)
8.64 DB17-20 methodology
Change on year
unchanged
World rank
84th
of 101 countries
All-time high
8.64 DB17-20 methodology
in 2015
All-time low
8.64 DB17-20 methodology
in 2015
Years of data
5
2015–2019

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

024682015201720192015: 8.6 DB17-20 methodology2016: 8.6 DB17-20 methodology2017: 8.6 DB17-20 methodology2018: 8.6 DB17-20 methodology2019: 8.6 DB17-20 methodology

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

Analysis

The most recent figure for paying taxes: time to obtain vat refund (weeks) in South Korea is 8.64 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.

South Korea ranks 84th of 101 countries on this measure, in the bottom quarter.

Countries ranked near South Korea

  1. 81 Serbia 10.24 DB17-20 methodology compare
  2. 82 Georgia 10.17 DB17-20 methodology compare
  3. 83 Denmark 10.1 DB17-20 methodology compare
  4. 85 Poland 8.17 DB17-20 methodology compare
  5. 85 Sweden 8.17 DB17-20 methodology compare
  6. 87 Australia 7.95 DB17-20 methodology compare

See the full ranking of 102 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is paying taxes: time to obtain vat refund (weeks) in South Korea?
Paying taxes: time to obtain vat refund (weeks) in South Korea was 8.64 DB17-20 methodology in 2019, according to the World Bank.
What is the highest paying taxes: time to obtain vat refund (weeks) recorded in South Korea?
The highest recorded value was 8.64 DB17-20 methodology in 2015.
What is the lowest paying taxes: time to obtain vat refund (weeks) recorded in South Korea?
The lowest recorded value was 8.64 DB17-20 methodology in 2015.
How does South Korea rank for paying taxes: time to obtain vat refund (weeks)?
South Korea ranks 84th out of 101 countries with data for 2019.
Where does this South Korea 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.