Income tax calculator Hong Kong

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 950,000
Income Tax
- $ 118,000
MPF
- $ 18,000
Total tax
- $ 136,000
Net pay
* $ 814,000
Marginal tax rate
17.0%
Average tax rate
14.3%
85.7%
Net pay
14.3%
Total tax
Total tax
Net pay
The Taxberg
$ 814,000
Net pay
$ 18,000
Tax the employer pays
$ 136,000
Tax you pay
Total tax paid
$ 154,000
Did you know your employer also pays tax on your salary? It costs the employer $ 18,000 to pay you $ 950,000. In other words, every time you spend $ 10 of your hard-earned money, $ 1.62 goes to the government.
Real tax rate
15.9%
So, with you and the employer both paying tax, what used to be a 14.3% tax rate now rises to 15.9%, meaning your real tax rate is actually 1.6% higher than what it seemed at first.
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Summary
If you make $ 950,000 a year living in Hong Kong, you will be taxed $ 136,000. That means that your net pay will be $ 814,000 per year, or $ 67,833 per month. Your average tax rate is 14.3% and your marginal tax rate is 17.0%. 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 $ 17, hence, your net pay will only increase by $ 83.
Bonus Example
A $ 1,000 bonus will generate an extra $ 830 of net incomes. A $ 5,000 bonus will generate an extra $ 4,150 of net incomes.
Tax per income
$ 955,000
$ 960,000
$ 965,000
$ 970,000
$ 975,000
$ 980,000
$ 985,000
$ 990,000
$ 995,000
$ 1,000,000
$ 1,005,000
$ 1,010,000
$ 1,015,000
$ 1,020,000
$ 1,025,000
$ 1,030,000
$ 1,035,000
$ 1,040,000
$ 1,045,000
$ 1,050,000
North America
Country 
Net pay
Average tax
Rank
USA
HKD 664549
30.1%
1
Canada
HKD 608261
36.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
HKD 846857
10.9%
1
Costa Rica
HKD 725704
23.6%
2
Chile
HKD 717859
24.4%
3
Colombia
HKD 697048
26.6%
4
Uruguay
HKD 693907
27.0%
5
Brazil
HKD 693110
27.0%
6
Panama
HKD 685787
27.8%
7
Puerto Rico
HKD 664903
30.0%
8
Mexico
HKD 649635
31.6%
9
Ecuador
HKD 647905
31.8%
10
Peru
HKD 643091
32.3%
11
Argentina
HKD 617446
35.0%
12
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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.