Hong Kong is famous with its low tax rate system. How low it is? We are going to dig it out via this webpage. The salaries tax payable is calculated at progressive rates on your net chargeable income or at standard rate on your net income, whichever is lower. The calculations are shown from the tables below. Feel free to try out this calculator by inputing the variables below (all in Hong Kong Dollars, HK$) and click `Calculate`. Note that the calculator has already taken into account of the basic allowances $132,000. You only need to input the remaining amount of the allowances in the input box.
* Net Income = Total Income - Deductions
* Net Chargeable Income = Total Income - Deductions - Allowances
| Net Income ($) | Rate |
|---|---|
| On the first 5,000,000 of net income: | 15% |
| Remainder | 16% |
| Net Chargeable Income ($) | Rate | Tax ($) |
|---|---|---|
| On the First 50,000 | 2% | 1,000 |
| On the Next 50,000 | 6% | 3,000 |
| On the Next 50,000 | 10% | 5,000 |
| On the Next 50,000 | 14% | 7,000 |
| Remainder | 17% |
| Calculation Method | Tax Amount |
|---|---|
| Standard Rate | |
| Regression Rate | |
| Final Tax Amount |
References: https://www.gov.hk/en/residents/taxes/etax/services/tax_computation.htm
Last Updated: 2024-04-22