Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 971
Total tax
0
Net pay
* $ 971
Marginal tax rate
0.0%
Average tax rate
0.0%
100.0%
Net pay
0.0%
Total tax
Total tax
Net pay
The Taxberg
$ 971
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 $ 971. 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 $ 971 a year living in Hong Kong, you will be taxed 0. That means that your net pay will be $ 971 per year, or $ 80.92 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 956
1.6%
1
USA
HKD 887
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
HKD 948
2.4%
1
Brazil
HKD 898
7.5%
2
Puerto Rico
HKD 894
8.0%
3
Colombia
HKD 893
8.0%
4
Ecuador
HKD 879
9.5%
5
Guatemala
HKD 878
9.6%
6
Costa Rica
HKD 869
10.5%
7
Panama
HKD 864
11.0%
8
Peru
HKD 850
12.5%
9
Argentina
HKD 806
17.0%
10
Chile
HKD 800
17.6%
11
Uruguay
HKD 795
18.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
HKD 971
0.0%
1
Saudi Arabia
HKD 971
0.0%
2
United Arab Emirates
HKD 922
5.0%
3
Qatar
HKD 922
5.0%
4
Lebanon
HKD 897
7.6%
5
Bahrain
HKD 893
8.0%
6
Oman
HKD 893
8.0%
7
Kuwait
HKD 864
11.0%
8
Israel
HKD 843
13.2%
9
Turkey
HKD 818
15.8%
10
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.