Income tax calculator Hong Kong
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 98,946
MPF
- $ 4,947
Total tax
- $ 4,947
Net pay
*
$ 93,999
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 93,999
Net pay
$ 4,947
Tax the employer pays
$ 4,947
Tax you pay
Total tax paid
$ 9,895
Did you know your employer also pays tax on your salary? It costs the employer $ 4,947 to pay you $ 98,946. 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 $ 98,946 a year living in Hong Kong, you will be taxed $ 4,947. That means that your net pay will be $ 93,999 per year, or $ 7,833 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 98946
0.0%
1
Ireland
HKD 98946
0.0%
2
Spain
HKD 92663
6.4%
3
Switzerland
HKD 92006
7.0%
4
France
HKD 88843
10.2%
5
Norway
HKD 88294
10.8%
6
Luxembourg
HKD 86933
12.1%
7
Italy
HKD 86904
12.2%
8
Russia
HKD 86083
13.0%
9
Austria
HKD 84127
15.0%
10
Czech Republic
HKD 83269
15.8%
11
Hungary
HKD 80641
18.5%
12
Ukraine
HKD 79652
19.5%
13
Germany
HKD 79478
19.7%
14
Greece
HKD 77009
22.2%
15
Sweden
HKD 76316
22.9%
16
Poland
HKD 72856
26.4%
17
Portugal
HKD 69739
29.5%
18
Finland
HKD 68520
30.8%
19
Belgium
HKD 67283
32.0%
20
Denmark
HKD 66099
33.2%
21
Netherlands
HKD 62270
37.1%
22
Romania
HKD 57883
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
HKD 88945
10.1%
1
Canada
HKD 75313
23.9%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
HKD 97748
1.2%
1
Hong Kong
HKD 93999
5.0%
2
Thailand
HKD 92271
6.8%
3
Taiwan
HKD 90188
8.9%
4
Pakistan
HKD 87737
11.3%
5
South Korea
HKD 86693
12.4%
6
Malaysia
HKD 85220
13.9%
7
New Zealand
HKD 84788
14.3%
8
Indonesia
HKD 84485
14.6%
9
Philippines
HKD 81997
17.1%
10
Japan
HKD 80402
18.7%
11
Singapore
HKD 79180
20.0%
12
Kazakhstan
HKD 78365
20.8%
13
Vietnam
HKD 76922
22.3%
14
India
HKD 74177
25.0%
15
China
HKD 70176
29.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
HKD 90971
8.1%
1
Colombia
HKD 89508
9.5%
2
Guatemala
HKD 89459
9.6%
3
Ecuador
HKD 89446
9.6%
4
Costa Rica
HKD 88557
10.5%
5
Panama
HKD 87573
11.5%
6
Mexico
HKD 81803
17.3%
7
Chile
HKD 81294
17.8%
8
Uruguay
HKD 79022
20.1%
9
Brazil
HKD 77721
21.5%
10
Peru
HKD 77304
21.9%
11
Argentina
HKD 64261
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
HKD 87141
11.9%
1
Morocco
HKD 75629
23.6%
2
Mozambique
HKD 75522
23.7%
3
Ivory Coast
HKD 73532
25.7%
4
Angola
HKD 73323
25.9%
5
Kenya
HKD 73195
26.0%
6
Ghana
HKD 72168
27.1%
7
Cameroon
HKD 70189
29.1%
8
Nigeria
HKD 68268
31.0%
9
Uganda
HKD 66597
32.7%
10
Senegal
HKD 66277
33.0%
11
Zambia
HKD 63118
36.2%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
HKD 93999
5.0%
1
Qatar
HKD 93999
5.0%
2
Bahrain
HKD 91030
8.0%
3
Oman
HKD 91030
8.0%
4
Saudi Arabia
HKD 89051
10.0%
5
Kuwait
HKD 88062
11.0%
6
Israel
HKD 85935
13.2%
7
Egypt
HKD 76354
22.8%
8
Lebanon
HKD 75678
23.5%
9
Turkey
HKD 55396
44.0%
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.