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Hong Kong vs Bermuda Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Hong Kong17%
Bermuda0%Lower
Corporate Tax
Hong Kong16.5%
Bermuda15%Lower
Capital Gains
Hong Kong0%
Bermuda0%
VAT / Sales Tax
Hong Kong0%
Bermuda0%
| Category | Hong Kong | Bermuda |
|---|---|---|
| Tax System | Territorial | No income tax (CIT being introduced for large MNEs) |
| Top Income Tax | 17% | 0% |
| Corporate Tax | 16.5% | 15% |
| Capital Gains | 0% | 0% |
| VAT / Sales Tax | 0% | 0% |
| Crypto Tax | No | No |
| Wealth Tax | No | No |
| Tax Treaties | 45 | 1 |
| Currency | HKD | BMD |
The bottom line: Hong Kong vs Bermuda
Bermuda has the lower headline rate on 2 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Hong Kong runs a territorial tax system, while Bermuda uses a no income tax (cit being introduced for large mnes) one. Hong Kong has the wider tax-treaty network (45 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Bermuda is lower (17% vs 0%)
- Corporate tax: Bermuda is lower (16.5% vs 15%)
- Capital gains tax: identical in both (0%)
- VAT / sales tax: identical in both (0%)