Hong Kong, China vs Singapore: Statutory corporate income tax rate
Statutory corporate income tax rate over time
- Hong Kong, China
- Singapore
How they compare
Singapore currently reports 17.0% against 16.5% in Hong Kong, China, a difference of 0.5%.
Across all 19 years both countries report, Singapore has been ahead every year.
Hong Kong, China ranks 68th and Singapore ranks 67th of 93 countries.
Singapore has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Hong Kong, China | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16.9% | 21.6% | 4.8% | Singapore |
| 2010s | 16.5% | 17.0% | 0.5% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher statutory corporate income tax rate, Hong Kong, China or Singapore?
- Singapore, at 17.0% against 16.5% in Hong Kong, China as of 2018.
- What is the difference in statutory corporate income tax rate between Hong Kong, China and Singapore?
- 0.5%, with Singapore ahead.
- How many years of comparable data are there for Hong Kong, China and Singapore?
- 19 years are reported by both, from 2000 to 2018.
- How do Hong Kong, China and Singapore rank globally for statutory corporate income tax rate?
- Hong Kong, China ranks 68th and Singapore ranks 67th of 93 countries.
- Where does this data come from?
- OECD (2019) β processed by Our World in Data, published as Statutory corporate income tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.