Income tax calculator Hong Kong
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 99,589
MPF
- $ 4,979
Total tax
- $ 4,979
Net pay
*
$ 94,610
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 94,610
Net pay
$ 4,979
Tax the employer pays
$ 4,979
Tax you pay
Total tax paid
$ 9,959
Did you know your employer also pays tax on your salary? It costs the employer $ 4,979 to pay you $ 99,589. 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 $ 99,589 a year living in Hong Kong, you will be taxed $ 4,979. That means that your net pay will be $ 94,610 per year, or $ 7,884 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.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
United Kingdom
HKD 99589
0.0%
1
Ireland
HKD 99589
0.0%
2
Spain
HKD 93265
6.4%
3
Switzerland
HKD 92605
7.0%
4
France
HKD 89369
10.3%
5
Norway
HKD 88809
10.8%
6
Luxembourg
HKD 87447
12.2%
7
Italy
HKD 87296
12.3%
8
Russia
HKD 86642
13.0%
9
Austria
HKD 84673
15.0%
10
Czech Republic
HKD 83744
15.9%
11
Hungary
HKD 81165
18.5%
12
Ukraine
HKD 80169
19.5%
13
Germany
HKD 79995
19.7%
14
Greece
HKD 77457
22.2%
15
Sweden
HKD 76748
22.9%
16
Poland
HKD 73266
26.4%
17
Portugal
HKD 70128
29.6%
18
Finland
HKD 68965
30.8%
19
Belgium
HKD 67720
32.0%
20
Denmark
HKD 66532
33.2%
21
Netherlands
HKD 62674
37.1%
22
Romania
HKD 58260
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
HKD 89507
10.1%
1
Canada
HKD 75789
23.9%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
HKD 98269
1.3%
1
Hong Kong
HKD 94610
5.0%
2
Thailand
HKD 92849
6.8%
3
Taiwan
HKD 90774
8.9%
4
Pakistan
HKD 88243
11.4%
5
South Korea
HKD 87244
12.4%
6
Malaysia
HKD 85737
13.9%
7
New Zealand
HKD 85310
14.3%
8
Indonesia
HKD 85015
14.6%
9
Philippines
HKD 82460
17.2%
10
Japan
HKD 80925
18.7%
11
Singapore
HKD 79691
20.0%
12
Kazakhstan
HKD 78874
20.8%
13
Vietnam
HKD 77382
22.3%
14
India
HKD 74542
25.2%
15
China
HKD 70625
29.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
HKD 91542
8.1%
1
Colombia
HKD 90057
9.6%
2
Guatemala
HKD 90040
9.6%
3
Ecuador
HKD 90019
9.6%
4
Costa Rica
HKD 89132
10.5%
5
Panama
HKD 88090
11.6%
6
Mexico
HKD 82291
17.4%
7
Chile
HKD 81803
17.9%
8
Uruguay
HKD 79509
20.2%
9
Brazil
HKD 78122
21.6%
10
Peru
HKD 77788
21.9%
11
Argentina
HKD 64679
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
HKD 87640
12.0%
1
Morocco
HKD 76044
23.6%
2
Mozambique
HKD 75985
23.7%
3
Ivory Coast
HKD 73955
25.7%
4
Angola
HKD 73791
25.9%
5
Kenya
HKD 73645
26.1%
6
Ghana
HKD 72624
27.1%
7
Cameroon
HKD 70564
29.1%
8
Nigeria
HKD 68705
31.0%
9
Uganda
HKD 67015
32.7%
10
Senegal
HKD 66692
33.0%
11
Zambia
HKD 63514
36.2%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
HKD 94610
5.0%
1
Qatar
HKD 94610
5.0%
2
Bahrain
HKD 91622
8.0%
3
Oman
HKD 91622
8.0%
4
Saudi Arabia
HKD 89630
10.0%
5
Kuwait
HKD 88634
11.0%
6
Israel
HKD 86493
13.2%
7
Egypt
HKD 76836
22.9%
8
Lebanon
HKD 76161
23.5%
9
Turkey
HKD 55641
44.1%
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.