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Singapore vs Hong Kong Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Singapore24%
Hong Kong17%Lower
Corporate Tax
Singapore17%
Hong Kong16.5%Lower
Capital Gains
Singapore0%
Hong Kong0%
VAT / Sales Tax
Singapore9%
Hong Kong0%Lower
| Category | Singapore | Hong Kong |
|---|---|---|
| Tax System | Territorial | Territorial |
| Top Income Tax | 24% | 17% |
| Corporate Tax | 17% | 16.5% |
| Capital Gains | 0% | 0% |
| VAT / Sales Tax | 9% | 0% |
| Crypto Tax | No | No |
| Wealth Tax | No | No |
| Tax Treaties | 90 | 45 |
| Currency | SGD | HKD |
The bottom line: Singapore vs Hong Kong
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. Singapore runs a territorial tax system, while Hong Kong 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 (24% vs 17%)
- Corporate tax: Hong Kong is lower (17% vs 16.5%)
- Capital gains tax: identical in both (0%)
- VAT / sales tax: Hong Kong is lower (9% vs 0%)