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Ease of Doing Business in Asia 2009-2010

Source: The World Bank Group's report on Doing Business 2010  (Link: http://www.doingbusiness.org/)
Asia Comparison Table: by www.Business-in-Asia.com


Ease of Paying Taxes

The Doing Business report investigated the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

Payments (number per year)
Total number of tax payments per year

Asian Countries
Payments
 (number per year)
 (Yr. 2010)

Hong Kong
4
Singapore
5
China
7
Malaysia
12
Japan
13
Korea
14
Thailand
23
Vietnam
32
Laos
34
Cambodia
39
Philippines
47
Indonesia
51
India
59
 

Profit tax (%)
Amount of taxes on profits paid by the business as a percentage of commercial profits

Asian Countries
Profit tax (%)
 (Yr. 2010)

China
2.1
Singapore
7.9
Malaysia
16.5
Korea
17.1
Hong Kong
18.6
Cambodia
19.1
Vietnam
20.6
Philippines
24.9
India
25.1
Laos
25.2
Thailand
26.1
Indonesia
26.9
Japan
27.2


Other taxes (%)
amount of taxes and mandatory contributions paid by the business that are not already included in the previous 2 categories

Asian Countries
Other taxes (%)
 (Yr. 2010)

Indonesia
0.1
Hong Kong
0.3
Vietnam
0.3
Malaysia
2.1
Korea
2.1
Laos
2.9
Cambodia
3.5
Singapore
5.0
Thailand
5.4
China
8.4
Japan
12.0
Philippines
14.2
India
21.4

 


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Time it takes (in hours per year)
Time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year)
Asian Countries
Time it takes
(in hours per year)
 (Yr. 2010)

Hong Kong
80
Singapore
84
Malaysia
145
Cambodia
173
Philippines
195
Korea
250
Thailand
264
Indonesia
266
India
271
Japan
355
Laos
362
China
504
Vietnam
1,050



Labor tax and contributions (%)  
Amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits. This amount include mandatory social security contributions paid by the employer both to public and private entities, as well as other taxes or contributions related to employing workers.
 
Asian Countries
Labor tax and Contribution (%)
 (Yr. 2010)

Cambodia
0.1
Hong Kong
5.3
Laos
5.6
Thailand
5.7
Philippines
10.3
Indonesia
10.6
Korea
12.7
Singapore
14.9
Malaysia
15.6
Japan
16.5
India
18.2
Vietnam
19.2
China
68.0


Total tax rate (% profit)
total amount of taxes and mandatory contributions payable by the business


Asian Countries
Total tax rate
(% profit)
 (Yr. 2010)

Cambodia
0
Hong Kong
0
Singapore
10
Korea
11
Laos
11
Malaysia
20
Thailand
21
Indonesia
29
Vietnam
30
Philippines
31
Japan
36
China
40
India
44



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