Paying taxes: Profit tax in Hong Kong, China
Hong Kong, China: Paying taxes: Profit tax was 16.5% in 2019. ▼ Falling
Paying taxes: Profit tax in Hong Kong, China, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Hong Kong, China recorded 16.5% for paying taxes: profit tax in 2019. That is the lowest value across all 15 years on record.
The figure is down 5.7% on the previous year and down 6.2% over ten years.
Over the whole period, paying taxes: profit tax in Hong Kong, China peaked at 18.7% in 2005 and was at its lowest, 16.5%, in 2019.
That places Hong Kong, China 94th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Hong Kong, China, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 18.7% | — |
| 2006 | 18.7% | +0.0% |
| 2007 | 18.7% | +0.0% |
| 2008 | 18.7% | +0.0% |
| 2009 | 17.6% | -5.9% |
| 2010 | 17.6% | +0.0% |
| 2011 | 17.6% | +0.0% |
| 2012 | 17.6% | +0.0% |
| 2013 | 17.6% | +0.0% |
| 2014 | 17.6% | +0.0% |
| 2015 | 17.5% | -0.6% |
| 2016 | 17.5% | +0.0% |
| 2017 | 17.5% | +0.0% |
| 2018 | 17.5% | +0.0% |
| 2019 | 16.5% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.5% | 17.6% | 18.7% | 5 |
| 2010s | 17.4% | 16.5% | 17.6% | 10 |
Countries ranked near Hong Kong, China
- 91 El Salvador 16.6% compare
- 91 Madagascar 16.6% compare
- 91 United Kingdom of Great Britain and Northern Ireland 16.6% compare
- 95 Kazakhstan 16.4% compare
- 95 Lao People's Democratic Republic 16.4% compare
- 97 Burkina Faso 16.2% compare
- 97 Senegal 16.2% compare
More reference data data for Hong Kong, China
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0072 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 0.4132 (2050)
- Emission Totals - Direct emissions (N2O) - Agricultural Soils 0.0219 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 11.57 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 4.77 (2050)
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Burning - Crop residues 0 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 0.2428 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 1.38 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop 0 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Hong Kong, China?
- Paying taxes: profit tax in Hong Kong, China was 16.5% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Hong Kong, China?
- The highest recorded value was 18.7% in 2005.
- What is the lowest paying taxes: profit tax recorded in Hong Kong, China?
- The lowest recorded value was 16.5% in 2019.
- How does Hong Kong, China rank for paying taxes: profit tax?
- Hong Kong, China ranks 94th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Hong Kong, China?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is falling.
- Where does this Hong Kong, China data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.