Effective tax rates for income based tax incentives - Corporate tax in Hong Kong
Hong Kong: Effective tax rates for income based tax incentives - Corporate tax was 14.4 Percentage of taxable income in 2022. ▬ Flat
Effective tax rates for income based tax incentives - Corporate tax in Hong Kong, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Hong Kong recorded 14.4 Percentage of taxable income for effective tax rates for income based tax incentives - corporate tax in 2022.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, effective tax rates for income based tax incentives - corporate tax in Hong Kong peaked at 15.27 Percentage of taxable income in 2003 and was at its lowest, 13.97 Percentage of taxable income, in 2000.
That places Hong Kong 34th out of 41 countries with data for 2022, putting it in the bottom quarter.
Effective tax rates for income based tax incentives - Corporate tax in Hong Kong, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 13.97 Percentage of taxable income | — |
| 2001 | 13.97 Percentage of taxable income | +0.0% |
| 2002 | 13.97 Percentage of taxable income | +0.0% |
| 2003 | 15.27 Percentage of taxable income | +9.3% |
| 2004 | 15.27 Percentage of taxable income | +0.0% |
| 2005 | 15.27 Percentage of taxable income | +0.0% |
| 2006 | 15.27 Percentage of taxable income | +0.0% |
| 2007 | 15.27 Percentage of taxable income | +0.0% |
| 2008 | 14.4 Percentage of taxable income | -5.7% |
| 2009 | 14.4 Percentage of taxable income | +0.0% |
| 2010 | 14.4 Percentage of taxable income | +0.0% |
| 2011 | 14.4 Percentage of taxable income | +0.0% |
| 2012 | 14.4 Percentage of taxable income | +0.0% |
| 2013 | 14.4 Percentage of taxable income | +0.0% |
| 2014 | 14.4 Percentage of taxable income | +0.0% |
| 2015 | 14.4 Percentage of taxable income | +0.0% |
| 2016 | 14.4 Percentage of taxable income | +0.0% |
| 2017 | 14.4 Percentage of taxable income | +0.0% |
| 2018 | 14.4 Percentage of taxable income | +0.0% |
| 2019 | 14.4 Percentage of taxable income | +0.0% |
| 2020 | 14.4 Percentage of taxable income | +0.0% |
| 2021 | 14.4 Percentage of taxable income | +0.0% |
| 2022 | 14.4 Percentage of taxable income | +0.0% |
Hong Kong compared with similar countries
- Hong Kong's 14.4 Percentage of taxable income is below the median for high income countries, which is 19.2 Percentage of taxable income, 75% of the median. (33 countries reporting)
- Hong Kong's 14.4 Percentage of taxable income is below the median for East Asia & Pacific, which is 24.44 Percentage of taxable income, 59% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.71 Percentage of taxable income | 13.97 Percentage of taxable income | 15.27 Percentage of taxable income | 10 |
| 2010s | 14.4 Percentage of taxable income | 14.4 Percentage of taxable income | 14.4 Percentage of taxable income | 10 |
| 2020s | 14.4 Percentage of taxable income | 14.4 Percentage of taxable income | 14.4 Percentage of taxable income | 3 |
Countries ranked near Hong Kong
- 31 Czechia 16.58 Percentage of taxable income compare
- 31 Poland 16.58 Percentage of taxable income compare
- 33 Croatia 15.71 Percentage of taxable income compare
- 35 Romania 13.97 Percentage of taxable income compare
- 36 Lithuania 13.09 Percentage of taxable income compare
- 37 Ireland 10.91 Percentage of taxable income compare
More economy & growth data for Hong Kong
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
- Total reserves (includes gold, current US$), per capita 56,469 includes gold, current US$ per person (2023)
Frequently asked questions
- What is effective tax rates for income based tax incentives - corporate tax in Hong Kong?
- Effective tax rates for income based tax incentives - corporate tax in Hong Kong was 14.4 Percentage of taxable income in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates for income based tax incentives - corporate tax recorded in Hong Kong?
- The highest recorded value was 15.27 Percentage of taxable income in 2003.
- What is the lowest effective tax rates for income based tax incentives - corporate tax recorded in Hong Kong?
- The lowest recorded value was 13.97 Percentage of taxable income in 2000.
- How does Hong Kong rank for effective tax rates for income based tax incentives - corporate tax?
- Hong Kong ranks 34th out of 41 countries with data for 2022.
- Is effective tax rates for income based tax incentives - corporate tax rising or falling in Hong Kong?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Hong Kong data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates for income based tax incentives - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators that capture the effect of income-based R&D tax incentives on firms’ investment costs: The EATR for R&D measures the impact of taxation on R&D investments that earn an economic profit. the user cost of capital for R&D measures the return that a firm needs to realise on an R&D investment before tax to offset all costs and taxes that arise from the investment, making zero economic profit. Further methodological information is available in the explanatory annex.