HK · AsiaES · Europe
Hong Kong vs Spain: tax rates compared
Spain has an income tax rate of 48.6%, 31.6pp above Hong Kong's 17%. The 200-country average is 28%: Hong Kong sits below it, Spain sits above it.
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 | ES | Difference |
|---|---|---|---|
| Income Tax | 17% | 48.6% | ES +31.6 pplargest gap |
| Corporate Tax | 16.5% | 25% | ES +8.5 pp |
| VAT | 0% | 21% | ES +21 pp |
| Capital Gains Tax | 0% | 30% | ES +30 pp |
| Crypto Tax | 0% | 30% | ES +30 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
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 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −31.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 16.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8.5 pp | Spain higher |
Spain has a corporate tax rate of 25%, 8.5pp above Hong Kong's 16.5%. The 201-country average is 22.6%: Hong Kong sits below it, Spain 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 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −21 pp | Spain higher |
Spain has a VAT rate of 21%, 21pp above Hong Kong's 0%. The 181-country average is 15%: Hong Kong sits below it, Spain sits above it.
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 |
| Spain | 30% | Source: PwC Worldwide Tax Summaries — Spain, Individual - Income determination · as of 2025-12-31 |
| Difference | −30 pp | Spain higher |
Spain has a capital gains tax rate of 30%, 30pp above Hong Kong's 0%. The 175-country average is 10.3%: Hong Kong sits below it, Spain sits above it.
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 |
| Spain | 30% | Source: Agencia Tributaria — Manual Práctico Renta 2025, Compra y venta de monedas virtuales: tributación en el IRPF del inversor · as of 2025-01-01 |
| Difference | −30 pp | Spain higher |
Spain has a crypto tax rate of 30%, 30pp above Hong Kong's 0%. The 88-country average is 13%: Hong Kong sits below it, Spain sits above it. Hong Kong's figure is dated 2020-03-01 and Spain's 2025-01-01, 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 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain has a wealth tax rate of 3.5%, 3.5pp above Hong Kong's 0%. The 193-country average is 0.1%: Hong Kong sits below it, Spain sits above it.