Hong Kong: Number of taxes
* indicates monthly or quarterly data series
| Hong Kong |
Number of taxes paid by businesses |
|---|---|
| Latest value | 3 |
| Year | 2019 |
| Measure | taxes |
| Data availability | 2005 - 2019 |
| Average | 3 |
| Min - Max | 3 - 4 |
| Source | The World Bank (doing business survey) |
The latest value from 2019 is 3 taxes, unchanged from 3 taxes in 2018. In comparison, the world average is 23 taxes, based on data from 184 countries. Historically, the average for Hong Kong from 2005 to 2019 is 3 taxes. The minimum value, 3 taxes, was reached in 2010 while the maximum of 4 taxes was recorded in 2005.
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Definition: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 13.23 | 2023 | percent |
| Government spending, in dollars | 50.51 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.80 | 2023 | percent |
| Government debt | 9.01 | 2024 | percent |
| Government expenditure | 101.42 | Q4/2024 | 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 |