Hong Kong or Saudi Arabia: which taxes less?

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

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

Tax Hong Kong Saudi Arabia Gap
Corporate income tax headline rate 16.5% 20% −3.5 points
Personal income tax top bracket 2% to 17% 0% +17.0 points
VAT standard rate 0% 15% −15.0 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%

Saudi Arabia

Share of profit for foreign partners 20%
Share for Saudi or Gulf partners zakat, based on equity 2.5%
Oil and gas up to 85% depending on concession n/a
See the Hong Kong page See the Saudi Arabia page