Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 695
Total tax
0
Net pay
* $ 695
Marginal tax rate
0.0%
Average tax rate
0.0%
100.0%
Net pay
0.0%
Total tax
Total tax
Net pay
The Taxberg
$ 695
Net pay
$ 0
Tax you pay
Total tax paid
$ 0
Did you know your employer also pays tax on your salary? It costs the employer $ 0 to pay you $ 695. In other words, every time you spend $ 10 of your hard-earned money, $ 0 goes to the government.
Real tax rate
0.0%
So, with you and the employer both paying tax, what used to be a 0% tax rate now rises to 0.0%, meaning your real tax rate is actually 0% higher than what it seemed at first.
Summary
If you make $ 695 a year living in Hong Kong, you will be taxed 0. That means that your net pay will be $ 695 per year, or $ 57.92 per month. Your average tax rate is 0.0% and your marginal tax rate is 0.0%. 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 $ 0, hence, your net pay will only increase by $ 100.
Bonus Example
A $ 1,000 bonus will generate an extra $ 1,000 of net incomes. A $ 5,000 bonus will generate an extra $ 5,000 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
Canada
HKD 684
1.6%
1
USA
HKD 635
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
HKD 678
2.4%
1
Brazil
HKD 643
7.5%
2
Puerto Rico
HKD 640
8.0%
3
Colombia
HKD 639
8.0%
4
Ecuador
HKD 629
9.5%
5
Guatemala
HKD 628
9.6%
6
Costa Rica
HKD 622
10.5%
7
Panama
HKD 619
11.0%
8
Peru
HKD 608
12.5%
9
Argentina
HKD 577
17.0%
10
Chile
HKD 573
17.6%
11
Uruguay
HKD 569
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
HKD 688
1.0%
1
Uganda
HKD 660
5.0%
2
Ghana
HKD 657
5.5%
3
Zambia
HKD 653
6.0%
4
Morocco
HKD 648
6.7%
5
Angola
HKD 643
7.5%
6
Ivory Coast
HKD 643
7.5%
7
Senegal
HKD 624
10.2%
8
Cameroon
HKD 586
15.6%
9
Nigeria
HKD 578
16.8%
10
Mozambique
HKD 539
22.4%
11
Kenya
HKD 442
36.4%
12
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.