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Hong Kong vs Uruguay: tax rates compared

Uruguay's income tax rate is 19pp higher than Hong Kong's (36% vs 17%). The 200-country average is 28%: Hong Kong sits below it, Uruguay sits above it.

Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

0102030405060Income17%36%Corporate16.5%25%VAT0%22%Capital Gains0%12%Wealth Tax0%0.1%
five shared taxes, side by side
Tax HK UYDifference
Income Tax17%36%UY +19 pp
Corporate Tax16.5%25%UY +8.5 pp
VAT0%22%UY +22 pplargest gap
Capital Gains Tax0%12%UY +12 pp
Wealth Tax0%0.1%UY +0.1 pp

Income Tax

Income Tax, side by side
CountryRateSource
Hong Kong17%Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Taxes on personal income) · as of 2025-12-31
Uruguay36%Source: PWC Worldwide Tax Summaries — Uruguay (Individual, Taxes on personal income) · as of 2025-12-31
Difference−19 ppUruguay higher

Corporate Tax

Corporate Tax, side by side
CountryRateSource
Hong Kong16.5%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Uruguay25%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−8.5 ppUruguay higher

Uruguay'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, Uruguay sits above it.

VAT

VAT, side by side
CountryRateSource
Hong Kong0%Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Corporate, Other taxes) · as of 2025-12-31
Uruguay22%Source: Dirección General Impositiva (DGI), Uruguay · as of 2024-06-18
Difference−22 ppUruguay higher

Uruguay's VAT rate is 22pp higher than Hong Kong's (22% vs 0%). The 181-country average is 15%: Hong Kong sits below it, Uruguay sits above it. Hong Kong's figure is dated 2025-12-31 and Uruguay's 2024-06-18, so the two rates come from different data vintages.

Capital Gains Tax

Capital Gains Tax, side by side
CountryRateSource
Hong Kong0%Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Income determination) · as of 2025-12-31
Uruguay12%Source: PWC Worldwide Tax Summaries — Uruguay (Individual, Income determination) · as of 2026-03-09
Difference−12 ppUruguay higher

Uruguay's capital gains tax rate is 12pp higher than Hong Kong's (12% vs 0%). The 175-country average is 10.3%: Hong Kong sits below it, Uruguay sits above it. Hong Kong's figure is dated 2025-12-31 and Uruguay's 2026-03-09, so the two rates come from different data vintages.

Wealth Tax

Wealth Tax, side by side
CountryRateSource
Hong Kong0%Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Other taxes) · as of 2025-12-31
Uruguay0.1%Source: Dirección General Impositiva — Tasas del Impuesto al Patrimonio, personas físicas 2025 · as of 2025-01-01
Difference−0.1 ppUruguay higher

Uruguay's wealth tax rate is 0.1pp higher than Hong Kong's (0.1% vs 0%). The 193-country average is 0.1%: Hong Kong sits below it, Uruguay matches the world average.

Not covered for both countries yet: Crypto Tax.