WorldTax Compareโ† All Comparisons

Spain vs Hong Kong
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ช๐Ÿ‡ธ Spain
vs
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
19โ€“47%
National rates stable; community variation continues
No change
2โ€“17%
Stable; simple territorial system maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
4โ€“21%
Basic food VAT returning toward normal rates
No change
0%
No VAT
No change
Corporate Tax Rate
Corporate Tax Rate
25%
25% standard; digital services levy discussions
No change
8.25โ€“16.5%
Domestic minimum top-up tax (DMTT) for Pillar Two groups
No change
Capital Gains Tax
Capital Gains Tax
19โ€“28%
Progressive savings tax maintained
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~37.2%
MEI surcharge continues gradual increase to 2032
โ–ฒ +0.2pp vs 2025
~10%
MPF review ongoing; voluntary contributions encouraged
No change
State, Regional & Local Taxes

๐Ÿ‡ช๐Ÿ‡ธ Spain โ€” Autonomous Community & Municipal Taxes

Spain's 17 autonomous communities set their own half of income tax. Madrid applies significant reductions while Catalonia has higher regional rates. The Basque Country and Navarre have special tax regimes (concierto econรณmico). Municipal taxes include IBI (property tax) and IAE (business activity tax). Effective top rates (national + regional) range from ~43% (Madrid) to ~54% in some communities.

๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong โ€” No Sub-Regional Tax Variation

Hong Kong is a Special Administrative Region with a simple, low-tax structure. There are no sub-regional taxes. Profits tax applies only to profits arising in or derived from Hong Kong (territorial basis). Property rates are charged at ~5% of assessed rental value. Estate duty was abolished in 2006. Stamp duty on property has been progressively modified since 2022 to cool/stimulate the market. There is no VAT, capital gains tax, or withholding tax on dividends.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Spain vs Hong Kong: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ช๐Ÿ‡ธ Spain has a higher top income tax rate (19โ€“47% vs 2โ€“17%). ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Spain has a higher consumption tax (4โ€“21% vs 0%).

๐Ÿข Corporate Tax: ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong offers a lower corporate rate (16.5% vs 25%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong taxes investment gains at a lower rate (0% vs 28%), benefiting investors.

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