A country’s business tax rates and the length of time it takes to pay taxes are key factors for companies when deciding which markets to invest in. If tax rates are too high, this can cream off any potential profits the company might have made, while complex procedures for tax payments can add further costs as businesses must pay for accountants and lawyers to navigate tax legislation for them. The United Arab Emirates has the easiest tax environment globally according to The World Bank’s Ease of Doing Business 2014 (‘Doing Business 2014’) out of 189 countries. It is followed by Qatar, Saudi Arabia, Hong Kong and Singapore.
Total Time to Pay Taxes, Total Tax Rate in Selected Countries: 2012
Time (hours)/ tax rate as a % of total profits
Source: World Bank’s Ease of Doing Business 2014
Note: rankings cover the calendar year 2012