Income tax calculator Hong Kong
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 126,736
Income Tax
- $ 50.09
MPF
- $ 6,337
Total tax
- $ 6,387
Net pay
*
$ 120,349
Marginal tax rate
5.6%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 120,349
Net pay
$ 6,337
Tax the employer pays
$ 6,387
Tax you pay
Total tax paid
$ 12,724
Did you know your employer also pays tax on your salary? It costs the employer $ 6,337 to pay you $ 126,736. In other words, every time you spend $ 10 of your hard-earned money, $ 1 goes to the government.
Real tax rate
9.6%
So, with you and the employer both paying tax, what used to be a 5% tax rate now rises to 9.6%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $ 126,736 a year living in Hong Kong, you will be taxed $ 6,387. That means that your net pay will be $ 120,349 per year, or $ 10,029 per month. Your average tax rate is 5.0% and your marginal tax rate is 5.6%. 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 $ 5.57, hence, your net pay will only increase by $ 94.43.
Bonus Example
A $ 1,000 bonus will generate an extra $ 944 of net incomes. A $ 5,000 bonus will generate an extra $ 4,722 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
HKD 125743
0.8%
1
Ireland
HKD 125689
0.8%
2
Switzerland
HKD 117599
7.2%
3
Spain
HKD 113807
10.2%
4
France
HKD 111195
12.3%
5
Norway
HKD 110511
12.8%
6
Russia
HKD 110260
13.0%
7
Luxembourg
HKD 108665
14.3%
8
Austria
HKD 107129
15.5%
9
Czech Republic
HKD 103833
18.1%
10
Italy
HKD 103710
18.2%
11
Hungary
HKD 103290
18.5%
12
Ukraine
HKD 102022
19.5%
13
Germany
HKD 100913
20.4%
14
Greece
HKD 95642
24.5%
15
Sweden
HKD 94947
25.1%
16
Poland
HKD 90601
28.5%
17
Portugal
HKD 86552
31.7%
18
Finland
HKD 85899
32.2%
19
Denmark
HKD 84796
33.1%
20
Belgium
HKD 84368
33.4%
21
Netherlands
HKD 79753
37.1%
22
Romania
HKD 74141
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
HKD 110769
12.6%
1
Canada
HKD 94996
25.0%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
HKD 120349
5.0%
1
Australia
HKD 119375
5.8%
2
Thailand
HKD 116566
8.0%
3
Taiwan
HKD 115533
8.8%
4
South Korea
HKD 110190
13.1%
5
Pakistan
HKD 108809
14.2%
6
New Zealand
HKD 107329
15.3%
7
Malaysia
HKD 106870
15.7%
8
Indonesia
HKD 106770
15.8%
9
Japan
HKD 102469
19.2%
10
Philippines
HKD 101927
19.6%
11
Singapore
HKD 101211
20.1%
12
Kazakhstan
HKD 100634
20.6%
13
Vietnam
HKD 96740
23.7%
14
India
HKD 89962
29.0%
15
China
HKD 89560
29.3%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
HKD 114766
9.4%
1
Guatemala
HKD 114584
9.6%
2
Costa Rica
HKD 113429
10.5%
3
Ecuador
HKD 113293
10.6%
4
Colombia
HKD 111948
11.7%
5
Panama
HKD 108694
14.2%
6
Chile
HKD 103277
18.5%
7
Mexico
HKD 102809
18.9%
8
Uruguay
HKD 98547
22.2%
9
Peru
HKD 98216
22.5%
10
Brazil
HKD 96243
24.1%
11
Argentina
HKD 82324
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
HKD 107729
15.0%
1
Mozambique
HKD 95531
24.6%
2
Morocco
HKD 93556
26.2%
3
Angola
HKD 93545
26.2%
4
Kenya
HKD 92648
26.9%
5
Ivory Coast
HKD 91824
27.6%
6
Ghana
HKD 91558
27.8%
7
Nigeria
HKD 87171
31.2%
8
Cameroon
HKD 86774
31.5%
9
Uganda
HKD 84660
33.2%
10
Senegal
HKD 83835
33.9%
11
Zambia
HKD 80209
36.7%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
HKD 120399
5.0%
1
Qatar
HKD 120399
5.0%
2
Bahrain
HKD 116597
8.0%
3
Oman
HKD 116597
8.0%
4
Saudi Arabia
HKD 114062
10.0%
5
Kuwait
HKD 112795
11.0%
6
Israel
HKD 110070
13.2%
7
Egypt
HKD 97197
23.3%
8
Lebanon
HKD 96521
23.8%
9
Turkey
HKD 71681
43.4%
10
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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.