Belize vs Hong Kong SAR

Persons engaged in petroleum operations: income tax at 40% of the chargeable income from those operations, plus a petroleum surcharge.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

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.

Annual tax returns must be filed by March 31 of the subsequent tax 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 under the Inland Revenue Department's block extension scheme for companies with a tax representative, usually in mid-August of the year the forms are released (for accounting date code "D", 17 August 2026 for the 2025/26 returns), and in certain circumstances (e.g., electronic filing), extensions may be granted.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

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.

Estimated tax payments follow the same monthly schedule as business tax payments.

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.

15/NA/NA

0/0/0

15/15/0

0/0/2.475-4.95

12.5%

No separate capital gains tax. A company pays business tax at 5% on its annual net gain from realising real estate outside Belize, assets of a permanent establishment outside Belize, or debt, equity or other instruments issued by non-residents.