Hong Kong: Commercial tax rate

* indicates monthly or quarterly data series
 Hong Kong

Tax rate, percent of commercial profits

 Latest value 21.9
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 23.15
 Min - Max 21.9 - 24.1
 Source The World Bank (doing business survey)
For that indicator, we provide data for Hong Kong from 2005 to 2019. The average value for Hong Kong during that period was 23.15 percent with a minimum of 21.9 percent in 2019 and a maximum of 24.1 percent in 2005. The latest value from 2019 is 21.9 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Hong Kong - Commercial tax rate - recent values

Historical chart
Hong Kong - Commercial tax rate - historical chart - 2005-2019

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.33 2022 percent
 Government spending, in dollars 51.56 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.80 2023 percent
 Government debt 4.27 2022 percent
 Government expenditure 97.05 Q3/2023 billion
 Commercial tax rate 21.90 2019 percent
 Tax preparation time 35 2019 hours
 Number of taxes 3 2019 taxes
 Foreign aid 6.95 2004 million U.S. dollars
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