Hong Kong or Maldives: which taxes less?

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

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

Tax Hong Kong Maldives Gap
Corporate income tax headline rate 16.5% 15% +1.5 points
Personal income tax top bracket 2% to 17% 0% to 15% +2.0 points
VAT standard rate 0% 6% −6.0 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%

Maldives

Profit over 500,000 MVR 15%
Profit up to 500,000 MVR 0%
Banks on total profit 25%
See the Hong Kong page See the Maldives page