Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 101,520
MPF
- $ 5,076
Total tax
- $ 5,076
Net pay
* $ 96,444
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 96,444
Net pay
$ 5,076
Tax the employer pays
$ 5,076
Tax you pay
Total tax paid
$ 10,152
Did you know your employer also pays tax on your salary? It costs the employer $ 5,076 to pay you $ 101,520. In other words, every time you spend $ 10 of your hard-earned money, $ 1 goes to the government.
Real tax rate
9.5%
So, with you and the employer both paying tax, what used to be a 5% tax rate now rises to 9.5%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $ 101,520 a year living in Hong Kong, you will be taxed $ 5,076. That means that your net pay will be $ 96,444 per year, or $ 8,037 per month. Your average tax rate is 5.0% and your marginal tax rate is 5.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $ 100 in your salary will be taxed $ 5, hence, your net pay will only increase by $ 95.
Bonus Example
A $ 1,000 bonus will generate an extra $ 950 of net incomes. A $ 5,000 bonus will generate an extra $ 4,750 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
HKD 91157
10.2%
1
Canada
HKD 77221
23.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
HKD 99833
1.7%
1
Hong Kong
HKD 96444
5.0%
2
Thailand
HKD 94587
6.8%
3
Taiwan
HKD 92534
8.9%
4
Pakistan
HKD 89764
11.6%
5
South Korea
HKD 88899
12.4%
6
Malaysia
HKD 87308
14.0%
7
New Zealand
HKD 86876
14.4%
8
Indonesia
HKD 86607
14.7%
9
Philippines
HKD 83853
17.4%
10
Japan
HKD 82494
18.7%
11
Singapore
HKD 81228
20.0%
12
Kazakhstan
HKD 80404
20.8%
13
Vietnam
HKD 78765
22.4%
14
India
HKD 75639
25.5%
15
China
HKD 71971
29.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
HKD 93244
8.2%
1
Guatemala
HKD 91786
9.6%
2
Ecuador
HKD 91729
9.6%
3
Colombia
HKD 91705
9.7%
4
Costa Rica
HKD 90860
10.5%
5
Panama
HKD 89618
11.7%
6
Mexico
HKD 83756
17.5%
7
Chile
HKD 83330
17.9%
8
Uruguay
HKD 80972
20.2%
9
Brazil
HKD 79326
21.9%
10
Peru
HKD 79241
22.0%
11
Argentina
HKD 65934
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
HKD 89069
12.3%
1
Mozambique
HKD 77375
23.8%
2
Morocco
HKD 77290
23.9%
3
Ivory Coast
HKD 75226
25.9%
4
Angola
HKD 75198
25.9%
5
Kenya
HKD 74997
26.1%
6
Ghana
HKD 73992
27.1%
7
Cameroon
HKD 71690
29.4%
8
Nigeria
HKD 70019
31.0%
9
Uganda
HKD 68270
32.8%
10
Senegal
HKD 67938
33.1%
11
Zambia
HKD 64701
36.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
HKD 96444
5.0%
1
Qatar
HKD 96444
5.0%
2
Bahrain
HKD 93398
8.0%
3
Oman
HKD 93398
8.0%
4
Saudi Arabia
HKD 91368
10.0%
5
Kuwait
HKD 90353
11.0%
6
Israel
HKD 88170
13.2%
7
Egypt
HKD 78285
22.9%
8
Lebanon
HKD 77609
23.6%
9
Turkey
HKD 56377
44.5%
10
Show more
NOTE* Withholding is calculated based on the tables of Hong Kong, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.