The World Bank and Pwc have published the global tax analysis “Paying Taxes 2018” which analyses the ease of paying taxes across 190 economies.
The report claims that Central America and the Caribbean had the greatest increase in Total Tax and Contribution Rate (This rate includes taxes and mandatory social contributions borne by companies) of all regions (8) for 2016. The region scores below average on the on the tax post-filing index as it has the second longest time to obtain a VAT refund.
The Total Tax and Contribution Rate summary for the Caribbean is posted below:
