Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
$ 159,900
Income Tax
- $ 398
MPF
- $ 7,995
Total tax
- $ 8,393
Net pay
* $ 151,507
Marginal tax rate
6.9%
Average tax rate
5.2%
94.8%
Net pay
5.2%
Total tax
Total tax
Net pay
The Taxberg
$ 151,507
Net pay
$ 7,995
Tax the employer pays
$ 8,393
Tax you pay
Total tax paid
$ 16,388
Did you know your employer also pays tax on your salary? It costs the employer $ 7,995 to pay you $ 159,900. In other words, every time you spend $ 10 of your hard-earned money, $ 1.02 goes to the government.
Real tax rate
9.8%
So, with you and the employer both paying tax, what used to be a 5.2% tax rate now rises to 9.8%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $ 159,900 a year living in Hong Kong, you will be taxed $ 8,393. That means that your net pay will be $ 151,507 per year, or $ 12,626 per month. Your average tax rate is 5.3% and your marginal tax rate is 6.9%. 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 $ 6.90, hence, your net pay will only increase by $ 93.10.
Bonus Example
A $ 1,000 bonus will generate an extra $ 931 of net incomes. A $ 5,000 bonus will generate an extra $ 4,655 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
HKD 136283
14.8%
1
Canada
HKD 118826
25.7%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
HKD 151905
5.0%
1
Qatar
HKD 151905
5.0%
2
Bahrain
HKD 147108
8.0%
3
Oman
HKD 147108
8.0%
4
Saudi Arabia
HKD 143910
10.0%
5
Kuwait
HKD 142311
11.0%
6
Israel
HKD 138642
13.3%
7
Egypt
HKD 122070
23.7%
8
Lebanon
HKD 121394
24.1%
9
Turkey
HKD 92655
42.1%
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.