World Bank study ranks Czech tax system as one of most time-demanding

A study by the World Bank has revealed that the Czech Republic has one of the most time-demanding tax systems in the world, ranking the country 10th from the bottom on a list of 178. According to the study, called Paying Taxes 2008, Czech firms spend 930 hours annually filling in tax declarations. Nigeria, Vietnam, Ukraine, and Brazil were also among those that fared the worst. The list was topped by the Maldives.

Author: Jan Velinger