Income tax calculator Hong Kong
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 93,920
MPF
- $ 4,696
Total tax
- $ 4,696
Net pay
*
$ 89,224
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 89,224
Net pay
$ 4,696
Tax the employer pays
$ 4,696
Tax you pay
Total tax paid
$ 9,392
Did you know your employer also pays tax on your salary? It costs the employer $ 4,696 to pay you $ 93,920. 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 $ 93,920 a year living in Hong Kong, you will be taxed $ 4,696. That means that your net pay will be $ 89,224 per year, or $ 7,435 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.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
HKD 93920
0.0%
1
Ireland
HKD 93920
0.0%
2
Spain
HKD 87956
6.4%
3
Switzerland
HKD 87322
7.0%
4
France
HKD 84621
9.9%
5
Norway
HKD 84268
10.3%
6
Italy
HKD 83845
10.7%
7
Luxembourg
HKD 82845
11.8%
8
Russia
HKD 81710
13.0%
9
Austria
HKD 79854
15.0%
10
Czech Republic
HKD 79549
15.3%
11
Hungary
HKD 76545
18.5%
12
Ukraine
HKD 75606
19.5%
13
Germany
HKD 75441
19.7%
14
Greece
HKD 73280
22.0%
15
Sweden
HKD 72875
22.4%
16
Poland
HKD 69646
25.8%
17
Portugal
HKD 66698
29.0%
18
Finland
HKD 65040
30.8%
19
Belgium
HKD 63866
32.0%
20
Denmark
HKD 62718
33.2%
21
Netherlands
HKD 59103
37.1%
22
Romania
HKD 54943
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
HKD 84556
10.0%
1
Canada
HKD 71587
23.8%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
HKD 93571
0.4%
1
Hong Kong
HKD 89224
5.0%
2
Thailand
HKD 87747
6.6%
3
Taiwan
HKD 85607
8.9%
4
Pakistan
HKD 83780
10.8%
5
South Korea
HKD 82387
12.3%
6
Malaysia
HKD 81170
13.6%
7
New Zealand
HKD 80712
14.1%
8
Indonesia
HKD 80341
14.5%
9
Philippines
HKD 78260
16.7%
10
Japan
HKD 76318
18.7%
11
Singapore
HKD 75179
20.0%
12
Kazakhstan
HKD 74385
20.8%
13
Vietnam
HKD 73323
21.9%
14
India
HKD 71310
24.1%
15
China
HKD 66670
29.0%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
HKD 86505
7.9%
1
Colombia
HKD 85218
9.3%
2
Ecuador
HKD 84964
9.5%
3
Guatemala
HKD 84914
9.6%
4
Costa Rica
HKD 84058
10.5%
5
Panama
HKD 83529
11.1%
6
Mexico
HKD 77990
17.0%
7
Chile
HKD 77319
17.7%
8
Uruguay
HKD 75042
20.1%
9
Brazil
HKD 74587
20.6%
10
Peru
HKD 73522
21.7%
11
Argentina
HKD 60994
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
HKD 83176
11.4%
1
Morocco
HKD 72387
22.9%
2
Mozambique
HKD 71903
23.4%
3
Ivory Coast
HKD 70198
25.3%
4
Kenya
HKD 69677
25.8%
5
Angola
HKD 69661
25.8%
6
Ghana
HKD 68606
27.0%
7
Cameroon
HKD 67259
28.4%
8
Nigeria
HKD 64849
31.0%
9
Uganda
HKD 63330
32.6%
10
Senegal
HKD 63019
32.9%
11
Zambia
HKD 60027
36.1%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
HKD 89224
5.0%
1
Qatar
HKD 89224
5.0%
2
Bahrain
HKD 86406
8.0%
3
Oman
HKD 86406
8.0%
4
Saudi Arabia
HKD 84528
10.0%
5
Kuwait
HKD 83589
11.0%
6
Israel
HKD 81570
13.2%
7
Egypt
HKD 72585
22.7%
8
Lebanon
HKD 71909
23.4%
9
Turkey
HKD 53182
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.