Income tax calculator Hong Kong

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 50
MPF
- $ 2.50
Total tax
- $ 2.50
Net pay
* $ 47.50
Marginal tax rate
5.0%
Average tax rate
5.0%
95.0%
Net pay
5.0%
Total tax
Total tax
Net pay
The Taxberg
$ 47.50
Net pay
$ 2.50
Tax the employer pays
$ 2.50
Tax you pay
Total tax paid
$ 5
Did you know your employer also pays tax on your salary? It costs the employer $ 2.50 to pay you $ 50. 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.
People also ask
$ 104,000 yearly is how much per hour?
$ 50 hourly is how much per year?
What is the average salary in Hong Kong?
Summary
If you make $ 104,000 a year living in Hong Kong, you will be taxed $ 5,200. That means that your net pay will be $ 98,800 per year, or $ 8,233 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
Tax per income
$ 5,000
$ 10,000
$ 15,000
$ 20,000
$ 25,000
$ 30,000
$ 35,000
$ 40,000
$ 45,000
$ 50,000
$ 55,000
$ 60,000
$ 65,000
$ 70,000
$ 75,000
$ 80,000
$ 85,000
$ 90,000
$ 95,000
$ 100,000
North America
Country 
Net pay
Average tax
Rank
USA
HKD 93087
10.5%
1
Canada
HKD 79059
24.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
HKD 101764
2.2%
1
Hong Kong
HKD 98800
5.0%
2
Thailand
HKD 96819
6.9%
3
Taiwan
HKD 94795
8.9%
4
Pakistan
HKD 91716
11.8%
5
South Korea
HKD 91023
12.5%
6
Malaysia
HKD 89332
14.1%
7
New Zealand
HKD 88888
14.5%
8
Indonesia
HKD 88652
14.8%
9
Philippines
HKD 85641
17.7%
10
Japan
HKD 84509
18.7%
11
Singapore
HKD 83202
20.0%
12
Kazakhstan
HKD 82385
20.8%
13
Vietnam
HKD 80540
22.6%
14
India
HKD 77048
25.9%
15
China
HKD 73701
29.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
HKD 95361
8.3%
1
Guatemala
HKD 94028
9.6%
2
Ecuador
HKD 93863
9.8%
3
Colombia
HKD 93822
9.8%
4
Costa Rica
HKD 93080
10.5%
5
Panama
HKD 91494
12.0%
6
Mexico
HKD 85637
17.7%
7
Chile
HKD 85292
18.0%
8
Uruguay
HKD 82851
20.3%
9
Peru
HKD 81107
22.0%
10
Brazil
HKD 80872
22.2%
11
Argentina
HKD 67546
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
HKD 90905
12.6%
1
Mozambique
HKD 79161
23.9%
2
Morocco
HKD 78890
24.1%
3
Angola
HKD 77005
26.0%
4
Ivory Coast
HKD 76858
26.1%
5
Kenya
HKD 76733
26.2%
6
Ghana
HKD 75750
27.2%
7
Cameroon
HKD 73136
29.7%
8
Nigeria
HKD 71705
31.1%
9
Uganda
HKD 69882
32.8%
10
Senegal
HKD 69512
33.2%
11
Zambia
HKD 66227
36.3%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
HKD 98800
5.0%
1
Qatar
HKD 98800
5.0%
2
Bahrain
HKD 95680
8.0%
3
Oman
HKD 95680
8.0%
4
Saudi Arabia
HKD 93600
10.0%
5
Kuwait
HKD 92560
11.0%
6
Israel
HKD 90324
13.2%
7
Egypt
HKD 80145
22.9%
8
Lebanon
HKD 79469
23.6%
9
Turkey
HKD 57322
44.9%
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.