Top Income Tax Rate: Hong Kong 17% vs Singapore 22%

Hong Kong:  No capital gain tax, no dividend tax, no sale tax, no property tax

Singapore:  No capital gain tax, no dividend tax, sale tax 7%, has property tax

 

 

 

1) Hong Kong Income Tax

 

Tax Rates for Individuals

Net Chargeable Income (in HKD currency)	Tax rate
1 – 50,000 HKD	2%
50,001 – 100,000 HKD	6%
100,001 – 150,000 HKD	10%
150,001 – 200,000 HKD	14%
Above 200,000 HKD	17%
Tax rate on capital gains	0%
Tax rate on income earned overseas	0%
Tax rate on dividends from a Hong Kong company	0%

 

 

 

 

2)  Singapore Income Tax

Personal Tax Rates

(For more details, see Singapore Individual Tax Guide)

Income	Tax Rate
Tax rate on first 20,000	0%
Tax rate on next 10,000	2%
Tax rate on next 10,000	3.5%
Tax rate on next 40,000	7%
Tax rate on next 40,000	11.5%
Tax rate on next 40,000	15%
Tax rate on next 40,000	18%
Tax rate on next 40,000	19%
Tax rate on next 40,000	19.5%
Tax rate on next 40,000	20%
Tax rate on above 320,000	22%
Tax rate on capital gains	0%
Tax rate on dividends received from Singapore company	0%