A Dutch company spent an average of 134 hours this year on meeting its tax obligations, down from 164 hours in 2009, according to the World Bank and PwC report Paying Taxes 2011.

In Luxembourg, the easiest nation in the EU to pay taxes in, the average is just 54 hours, the report shows.
The report puts the Netherlands in 27th place in the global ranking and seventh in Europe. Last year the Netherlands was 33rd on the world list.
PwC says the reduction in administrative hours in the Netherlands is the result of various government measures, including quarterly value-added tax returns and simplified
rules for preparing annual accounts.