Hong Kong or Turkmenistan: which taxes less?

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

Lighter: Turkmenistan, ahead by 0.2 FiScore point.

Tax Hong Kong Turkmenistan Gap
Corporate income tax headline rate 16.5% 8% +8.5 points
Personal income tax top bracket 2% to 17% 10% +7.0 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%

Turkmenistan

Resident private companies 8%
Entities over 50% state-owned 20%
Oil and gas 20%
See the Hong Kong page See the Turkmenistan page