Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 93,428
MPF
- $ 4,671
Total tax
- $ 4,671
Net pay
* $ 88,757
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 88,757
Net pay
$ 4,671
Tax the employer pays
$ 4,671
Tax you pay
Total tax paid
$ 9,343
Did you know your employer also pays tax on your salary? It costs the employer $ 4,671 to pay you $ 93,428. 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 $ 93,428 a year living in Hong Kong, you will be taxed $ 4,671. That means that your net pay will be $ 88,757 per year, or $ 7,396 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 84126
10.0%
1
Canada
HKD 71222
23.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
HKD 93154
0.3%
1
Hong Kong
HKD 88757
5.0%
2
Thailand
HKD 87304
6.6%
3
Taiwan
HKD 85159
8.9%
4
Pakistan
HKD 83392
10.7%
5
South Korea
HKD 81965
12.3%
6
Malaysia
HKD 80768
13.6%
7
New Zealand
HKD 80313
14.0%
8
Indonesia
HKD 79935
14.4%
9
Philippines
HKD 77891
16.6%
10
Japan
HKD 75918
18.7%
11
Singapore
HKD 74787
20.0%
12
Kazakhstan
HKD 73995
20.8%
13
Vietnam
HKD 72971
21.9%
14
India
HKD 70999
24.0%
15
China
HKD 66327
29.0%
16
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Africa
Country 
Net pay
Average tax
Rank
South Africa
HKD 82774
11.4%
1
Morocco
HKD 72070
22.9%
2
Mozambique
HKD 71549
23.4%
3
Ivory Coast
HKD 69859
25.2%
4
Kenya
HKD 69332
25.8%
5
Angola
HKD 69302
25.8%
6
Ghana
HKD 68257
26.9%
7
Cameroon
HKD 66972
28.3%
8
Nigeria
HKD 64514
31.0%
9
Uganda
HKD 63010
32.6%
10
Senegal
HKD 62699
32.9%
11
Zambia
HKD 59725
36.1%
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.