Income tax calculator Hong Kong

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 347,310
Income Tax
- $ 15,811
MPF
- $ 17,366
Total tax
- $ 33,177
Net pay
* $ 314,133
Marginal tax rate
18.8%
Average tax rate
9.6%
90.4%
Net pay
9.6%
Total tax
Total tax
Net pay
The Taxberg
$ 314,133
Net pay
$ 17,366
Tax the employer pays
$ 33,177
Tax you pay
Total tax paid
$ 50,542
Did you know your employer also pays tax on your salary? It costs the employer $ 17,366 to pay you $ 347,310. In other words, every time you spend $ 10 of your hard-earned money, $ 1.46 goes to the government.
Real tax rate
13.9%
So, with you and the employer both paying tax, what used to be a 9.6% tax rate now rises to 13.9%, meaning your real tax rate is actually 4.3% higher than what it seemed at first.
People also ask
$ 347,310 yearly is how much per hour?
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What is the average salary in Hong Kong?
Summary
If you make $ 347,310 a year living in Hong Kong, you will be taxed $ 33,177. That means that your net pay will be $ 314,133 per year, or $ 26,178 per month. Your average tax rate is 9.6% and your marginal tax rate is 18.8%. 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 $ 18.75, hence, your net pay will only increase by $ 81.25.
Bonus Example
A $ 1,000 bonus will generate an extra $ 813 of net incomes. A $ 5,000 bonus will generate an extra $ 4,063 of net incomes.
Compare average tax
Tax per income
$ 345,000
$ 350,000
$ 355,000
$ 360,000
$ 365,000
$ 370,000
$ 375,000
$ 380,000
$ 385,000
$ 390,000
$ 395,000
$ 400,000
$ 405,000
$ 410,000
$ 415,000
$ 420,000
$ 425,000
$ 430,000
$ 435,000
$ 440,000
North America
Country 
Net pay
Average tax
Rank
USA
HKD 275442
20.7%
1
Canada
HKD 248849
28.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
HKD 314133
9.6%
1
Taiwan
HKD 302966
12.8%
2
Thailand
HKD 289154
16.7%
3
South Korea
HKD 281289
19.0%
4
Kazakhstan
HKD 279289
19.6%
5
Australia
HKD 276012
20.5%
6
New Zealand
HKD 269873
22.3%
7
Singapore
HKD 266617
23.2%
8
Indonesia
HKD 263355
24.2%
9
Pakistan
HKD 260466
25.0%
10
Japan
HKD 258706
25.5%
11
Malaysia
HKD 253867
26.9%
12
Philippines
HKD 249307
28.2%
13
Vietnam
HKD 238886
31.2%
14
China
HKD 228106
34.3%
15
India
HKD 215248
38.0%
16
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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.