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Hong Kong vs Singapore Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Hong Kong17%Lower
Singapore24%
Corporate Tax
Hong Kong16.5%Lower
Singapore17%
Capital Gains
Hong Kong0%
Singapore0%
VAT / Sales Tax
Hong Kong0%Lower
Singapore9%
| Category | Hong Kong | Singapore |
|---|---|---|
| Tax System | Territorial | Territorial |
| Top Income Tax | 17% | 24% |
| Corporate Tax | 16.5% | 17% |
| Capital Gains | 0% | 0% |
| VAT / Sales Tax | 0% | 9% |
| Crypto Tax | No | No |
| Wealth Tax | No | No |
| Tax Treaties | 45 | 90 |
| Currency | HKD | SGD |
The bottom line: Hong Kong vs Singapore
Hong Kong has the lower headline rate on 3 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 Singapore uses a territorial one. Singapore has the wider tax-treaty network (90 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Hong Kong is lower (17% vs 24%)
- Corporate tax: Hong Kong is lower (16.5% vs 17%)
- Capital gains tax: identical in both (0%)
- VAT / sales tax: Hong Kong is lower (0% vs 9%)