Slovakia ranks 122 out of 183 countries in Paying Taxes 2011.

By bne IntelliNews November 24, 2010
Slovakia ranks 122 out of 183 participating countries in the Paying Taxes 2011 survey, produced by PricewaterhouseCoopers as part of the World Bank and IFC's Doing Business study. Every year local companies should make 31 tax payments that take around 257 hours. The total tax rate, expressed as a percentage of the commercial profits, stands at 48.7%. Last year, the country ranked 119th. The paying taxes indicator covers the cost of taxes for a domestic medium-size case study company and the administrative burden of tax compliance for the firm.

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