Hong Kong or Iraq: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Hong Kong and Iraq weigh about the same on the taxpayer.

Iraq

7.6/10

27th of 217

Tax Hong Kong Iraq Gap
Corporate income tax headline rate 16.5% 15% +1.5 points
Personal income tax top bracket 2% to 17% 3% to 15% +2.0 points
VAT standard rate 0% 3% −3.0 points

Detailed schedules

Corporate income tax

Hong Kong

Profit above HKD 2 million 7.5% and 15% for a sole trader 16.5%
Profit up to HKD 2 million one company per group only 8.25%
Multinational groups revenue above €750M, since 2025 15%

Iraq

n/a

See the Hong Kong page See the Iraq page