Romania Levies Largest Number of Taxes Worldwide – PwC Report

Romania occupied the last position in the ranking, after Belarus and Uzbekistan, where the number of taxes reaches 112 and 106, respectively, PwC’s Paying Taxes 2009 report indicated. Maldives and Qatar top the list with only one tax per year, the report showed.

This is the third Paying Taxes publication based on the paying taxes indicator from the World Bank – IFC Doing Business project. The project assesses the ease of paying taxes as part of a broader analysis of regulations relevant to domestic, small to medium sized companies in 181 economies around the world. It does so by assessing the time required for firms to prepare and file returns and pay taxes; the number of tax payments per year; and the company’s total tax liability as a percentage of commercial profits.

Among southeast European (SEE) countries, Bulgaria records the highest total tax time (which measures time to prepare, file and pay three major types of taxes and contributions) of some 616 hours per year. Macedonian businesses spend only 75 hours for tax procedures, the lowest value among SEE countries.

Following are Paying Taxes 2009 report rankings and indicators for SEE countries:

* The TTR measures the amount of all taxes and mandatory contributions borne by the business in the second year of operation, expressed as a percentage of commercial profits.