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Hong Kong vs Russia: tax rates compared
Russia's income tax rate is 5pp higher than Hong Kong's (22% vs 17%). The 200-country average is 28%: both sit below it. Hong Kong's figure is dated 2025-12-31 and Russia's 2026-07-04, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | HK | RU | Difference |
|---|---|---|---|
| Income Tax | 17% | 22% | RU +5 pp |
| Corporate Tax | 16.5% | 25% | RU +8.5 pp |
| VAT | 0% | 22% | RU +22 pplargest gap |
| Capital Gains Tax | 0% | 15% | RU +15 pp |
| Crypto Tax | 0% | 15% | RU +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 17% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Taxes on personal income) · as of 2025-12-31 |
| Russia | 22% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | −5 pp | Russia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 16.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Russia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8.5 pp | Russia higher |
Russia's corporate tax rate is 8.5pp higher than Hong Kong's (25% vs 16.5%). The 201-country average is 22.6%: Hong Kong sits below it, Russia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Corporate, Other taxes) · as of 2025-12-31 |
| Russia | 22% | Source: Federal Tax Service of Russia (FNS) — VAT rate transition guidance · as of 2026-01-01 |
| Difference | −22 pp | Russia higher |
Russia's VAT rate is 22pp higher than Hong Kong's (22% vs 0%). The 181-country average is 15%: Hong Kong sits below it, Russia sits above it. Hong Kong's figure is dated 2025-12-31 and Russia's 2026-01-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Income determination) · as of 2025-12-31 |
| Russia | 15% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | −15 pp | Russia higher |
Russia's capital gains tax rate is 15pp higher than Hong Kong's (15% vs 0%). The 175-country average is 10.3%: Hong Kong sits below it, Russia sits above it. Hong Kong's figure is dated 2025-12-31 and Russia's 2026-07-04, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: Hong Kong Inland Revenue Department — Departmental Interpretation and Practice Notes No. 39 (Revised): Digital Economy, Electronic Commerce and Digital Assets · as of 2020-03-01 |
| Russia | 15% | Source: Налоговый кодекс РФ, часть вторая — Глава 23 (Налог на доходы физических лиц), Статьи 210 и 224 · as of 2026-01-01 |
| Difference | −15 pp | Russia higher |
Russia's crypto tax rate is 15pp higher than Hong Kong's (15% vs 0%). The 88-country average is 13%: Hong Kong sits below it, Russia sits above it. Hong Kong's figure is dated 2020-03-01 and Russia's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Other taxes) · as of 2025-12-31 |
| Russia | 0% | Source: Tax Code of the Russian Federation, Part Two (official consolidated text via KonsultantPlus legal reference database) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Hong Kong's wealth tax rate is identical to Russia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Hong Kong's figure is dated 2025-12-31 and Russia's 2026-07-18, so the two rates come from different data vintages.