Income tax calculator Hong Kong
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 97,413
MPF
- $ 4,871
Total tax
- $ 4,871
Net pay
*
$ 92,542
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 92,542
Net pay
$ 4,871
Tax the employer pays
$ 4,871
Tax you pay
Total tax paid
$ 9,741
Did you know your employer also pays tax on your salary? It costs the employer $ 4,871 to pay you $ 97,413. 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 $ 97,413 a year living in Hong Kong, you will be taxed $ 4,871. That means that your net pay will be $ 92,542 per year, or $ 7,712 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 97413
0.0%
1
Ireland
HKD 97413
0.0%
2
Spain
HKD 91227
6.4%
3
Switzerland
HKD 90577
7.0%
4
France
HKD 87555
10.1%
5
Norway
HKD 87066
10.6%
6
Italy
HKD 85971
11.8%
7
Luxembourg
HKD 85686
12.0%
8
Russia
HKD 84749
13.0%
9
Austria
HKD 82823
15.0%
10
Czech Republic
HKD 82134
15.7%
11
Hungary
HKD 79392
18.5%
12
Ukraine
HKD 78417
19.5%
13
Germany
HKD 78247
19.7%
14
Greece
HKD 75871
22.1%
15
Sweden
HKD 75280
22.7%
16
Poland
HKD 71877
26.2%
17
Portugal
HKD 68811
29.4%
18
Finland
HKD 67459
30.8%
19
Belgium
HKD 66241
32.0%
20
Denmark
HKD 65068
33.2%
21
Netherlands
HKD 61304
37.1%
22
Romania
HKD 56987
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
HKD 87606
10.1%
1
Canada
HKD 74176
23.9%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
HKD 96506
0.9%
1
Hong Kong
HKD 92542
5.0%
2
Thailand
HKD 90891
6.7%
3
Taiwan
HKD 88791
8.9%
4
Pakistan
HKD 86530
11.2%
5
South Korea
HKD 85380
12.4%
6
Malaysia
HKD 83987
13.8%
7
New Zealand
HKD 83545
14.2%
8
Indonesia
HKD 83221
14.6%
9
Philippines
HKD 80880
17.0%
10
Japan
HKD 79156
18.7%
11
Singapore
HKD 77959
20.0%
12
Kazakhstan
HKD 77151
20.8%
13
Vietnam
HKD 75824
22.2%
14
India
HKD 73306
24.8%
15
China
HKD 69107
29.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
HKD 89609
8.0%
1
Colombia
HKD 88199
9.5%
2
Ecuador
HKD 88079
9.6%
3
Guatemala
HKD 88073
9.6%
4
Costa Rica
HKD 87185
10.5%
5
Panama
HKD 86339
11.4%
6
Mexico
HKD 80640
17.2%
7
Chile
HKD 80082
17.8%
8
Uruguay
HKD 77833
20.1%
9
Brazil
HKD 76765
21.2%
10
Peru
HKD 76151
21.8%
11
Argentina
HKD 63264
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
HKD 85940
11.8%
1
Morocco
HKD 74640
23.4%
2
Mozambique
HKD 74418
23.6%
3
Ivory Coast
HKD 72523
25.6%
4
Angola
HKD 72206
25.9%
5
Kenya
HKD 72122
26.0%
6
Ghana
HKD 71081
27.0%
7
Cameroon
HKD 69295
28.9%
8
Nigeria
HKD 67225
31.0%
9
Uganda
HKD 65600
32.7%
10
Senegal
HKD 65287
33.0%
11
Zambia
HKD 62176
36.2%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
HKD 92542
5.0%
1
Qatar
HKD 92542
5.0%
2
Bahrain
HKD 89620
8.0%
3
Oman
HKD 89620
8.0%
4
Saudi Arabia
HKD 87672
10.0%
5
Kuwait
HKD 86698
11.0%
6
Israel
HKD 84603
13.2%
7
Egypt
HKD 75204
22.8%
8
Lebanon
HKD 74529
23.5%
9
Turkey
HKD 54812
43.7%
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.