Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 93,600
MPF
- $ 4,680
Total tax
- $ 4,680
Net pay
* $ 88,920
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 88,920
Net pay
$ 4,680
Tax the employer pays
$ 4,680
Tax you pay
Total tax paid
$ 9,360
Did you know your employer also pays tax on your salary? It costs the employer $ 4,680 to pay you $ 93,600. 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 $ 93,600 a year living in Hong Kong, you will be taxed $ 4,680. That means that your net pay will be $ 88,920 per year, or $ 7,410 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 84276
10.0%
1
Canada
HKD 71350
23.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
HKD 93299
0.3%
1
Hong Kong
HKD 88920
5.0%
2
Thailand
HKD 87459
6.6%
3
Taiwan
HKD 85315
8.9%
4
Pakistan
HKD 83528
10.8%
5
South Korea
HKD 82113
12.3%
6
Malaysia
HKD 80908
13.6%
7
New Zealand
HKD 80452
14.1%
8
Indonesia
HKD 80077
14.5%
9
Philippines
HKD 78020
16.7%
10
Japan
HKD 76058
18.7%
11
Singapore
HKD 74924
20.0%
12
Kazakhstan
HKD 74131
20.8%
13
Vietnam
HKD 73094
21.9%
14
India
HKD 71107
24.0%
15
China
HKD 66447
29.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
HKD 86221
7.9%
1
Colombia
HKD 84945
9.3%
2
Ecuador
HKD 84679
9.5%
3
Guatemala
HKD 84625
9.6%
4
Costa Rica
HKD 83772
10.5%
5
Panama
HKD 83272
11.0%
6
Mexico
HKD 77747
16.9%
7
Chile
HKD 77065
17.7%
8
Uruguay
HKD 74786
20.1%
9
Brazil
HKD 74388
20.5%
10
Peru
HKD 73281
21.7%
11
Argentina
HKD 60786
35.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
HKD 88920
5.0%
1
Qatar
HKD 88920
5.0%
2
Bahrain
HKD 86112
8.0%
3
Oman
HKD 86112
8.0%
4
Saudi Arabia
HKD 84240
10.0%
5
Kuwait
HKD 83304
11.0%
6
Israel
HKD 81292
13.2%
7
Egypt
HKD 72345
22.7%
8
Lebanon
HKD 71669
23.4%
9
Turkey
HKD 53021
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.