#

Ease of Doing Business in

Hong Kong SAR, China

Hong Kong SAR, China Download Profile (1728.6KB, pdf)
Region East Asia & Pacific
Income Category High income
Population 7,305,700
GNI Per Capita (US$) 41,000
City covered Hong Kong

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 4 5 up
1
84.21 83.77 down
0.44
Starting a Business 3 4 up
1
98.20 98.12 up
0.08
Dealing with Construction Permits 5 5
-
84.82 84.78 up
0.04
Getting Electricity 3 5 up
2
99.02 94.74 up
4.28
Registering Property 61 60 down
1
69.79 69.78 up
0.01
Getting Credit 20 19 down
1
75.00 75.00
-
Protecting Minority Investors 3 3
-
80.00 80.00
-
Paying Taxes 3 3
-
98.69 98.69
-
Trading across Borders 42 42
-
88.94 88.94
-
Enforcing Contracts 21 21
-
72.57 72.57
-
Resolving Insolvency 28 27 down
1
75.06 75.06
-

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

3

DB 2016 Rank:

3

Change in Rank:

0

DB 2017 DTF (% points):

98.69

DB 2016 DTF (% points):

98.69

Change in DTF (% points):

0.00

Indicator Hong Kong SAR, China East Asia & Pacific OECD high income
Payments (number per year) info_outline 3 22.9 10.9
Time (hours per year) info_outline 74 198.0 163.4
Total tax rate (% of profit) info_outline 22.9 33.9 40.9
Postfiling index (0-100) info_outline 98.6 59.6 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Corporate income tax 1 50 16.5% taxable profits 17.49
Employer paid - Mandatory provident fund (MPF) contributions 1 online 24 5% gross salaries 5.29
Property tax 1 5% annual rental value 0.13
Employee paid - Mandatory provident fund (MPF) contributions 0 jointly 5% gross salaries 0.00 withheld
Totals: 3 74 22.9
  • Taxes by type Answer
    Profit tax (% of profit) 17.5
    Labor tax and contributions (% of profit) 5.3
    Other taxes (% of profit) 0.1
    Answer Score
    Postfiling index (0-100) 98.6
    VAT refunds N/A
    Does VAT/GST exist? No
    Frequency of VAT/GST refund submission N/A
    Does a VAT/GST refund process exist per the case study? N/A
    Restrictions on VAT refund process N/A
    Likelihood of VAT audit N/A
    Time to comply with VAT refund (hours) N/A No VAT
    Time to obtain a VAT refund (weeks) N/A No VAT
    Corporate income tax audits 97.2
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 3.0 97.2
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Board of Review
    Is the appeal authority independent? Independent Department outside tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines online/in printed publication/in person at tax office
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? No
    Legal time limit

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.