Paying taxes: Total tax and contribution rate in Hong Kong, China
Hong Kong, China: Paying taxes: Total tax and contribution rate was 21.9% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Hong Kong, China, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
The most recent figure for paying taxes: total tax and contribution rate in Hong Kong, China is 21.9%, measured in 2019. That is the lowest value across all 15 years on record.
That represents a change of down 4.4% on the previous year and down 4.8% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Hong Kong, China peaked at 24.1% in 2005 and was at its lowest, 21.9%, in 2019.
Hong Kong, China ranks 169th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Hong Kong, China, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 24.1% | — |
| 2006 | 24.1% | +0.0% |
| 2007 | 24.1% | +0.0% |
| 2008 | 24.1% | +0.0% |
| 2009 | 23.0% | -4.6% |
| 2010 | 23.0% | +0.0% |
| 2011 | 23.0% | +0.0% |
| 2012 | 23.0% | +0.0% |
| 2013 | 22.6% | -1.7% |
| 2014 | 22.8% | +0.9% |
| 2015 | 22.8% | +0.0% |
| 2016 | 22.9% | +0.4% |
| 2017 | 22.9% | +0.0% |
| 2018 | 22.9% | +0.0% |
| 2019 | 21.9% | -4.4% |
Hong Kong, China compared with similar countries
- Hong Kong, China's 21.9% is below the median for high income countries, which is 36.4%, 60% of the median. (62 countries reporting)
- Hong Kong, China's 21.9% is below the median for East Asia & Pacific, which is 32.0%, 68% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.9% | 23.0% | 24.1% | 5 |
| 2010s | 22.8% | 21.9% | 23.0% | 10 |
Countries ranked near Hong Kong, China
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: total tax and contribution rate in Hong Kong, China?
- Paying taxes: total tax and contribution rate in Hong Kong, China was 21.9% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Hong Kong, China?
- The highest recorded value was 24.1% in 2005.
- What is the lowest paying taxes: total tax and contribution rate recorded in Hong Kong, China?
- The lowest recorded value was 21.9% in 2019.
- How does Hong Kong, China rank for paying taxes: total tax and contribution rate?
- Hong Kong, China ranks 169th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Hong Kong, China?
- Over the last ten years it is down 4.8%. 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: Total tax and contribution rate (% of profit). 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 total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.