Cyprus vs Hong Kong SAR

12.5

Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.

Tax due on March 31 of the second year after the calendar year.

The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline, typically until August 15 of the year the forms are released, and in certain circumstances (e.g., electronic filing), extensions may be granted.

The relevant tax is due on August 1 of the year following the calendar year.

For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.

Payment in installments of equal amounts on July 31 and December 31 of the relevant tax/calendar year.

For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.

0/17/0

0/0/0

0/0/10

0/0/2.475-4.95

19

20

11.4%

14.28

5.92%

2.01