Hong Kong Tax Calculator (2026)
Income tax rates and take-home pay for Hong Kong
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Hong Kong Income Tax Brackets (2025/26)
| Bracket | Income Range | Rate |
|---|---|---|
| 0 to HKD 50,000 | HK$0 - HK$50,000 | 2.0% |
| HKD 50,000 to HKD 100,000 | HK$50,000 - HK$100,000 | 6.0% |
| HKD 100,000 to HKD 150,000 | HK$100,000 - HK$150,000 | 10.0% |
| HKD 150,000 to HKD 200,000 | HK$150,000 - HK$200,000 | 14.0% |
| Over HKD 200,000 | HK$200,000+ | 17.0% |
Personal allowance: HK$132,000
Mandatory Provident Fund (MPF)
| Bracket | Income Range | Rate |
|---|---|---|
| MPF 5% on monthly income up to HKD 30,000 | HK$0 - HK$360,000 | 5.0% |
Capped at HK$18,000 per year
Maximum Tax Cap
| Bracket | Income Range | Rate |
|---|---|---|
| Cap rate on first HKD 5,000,000 | HK$0 - HK$5,000,000 | 15.0% |
| Cap rate on income above HKD 5,000,000 | HK$5,000,000+ | 16.0% |
Key Facts
Tax Year
2025/26
Currency
HKD
Top Rate
17.0%
Brackets
5 brackets
Allowance
HK$132,000
Social Contributions
1 item
Assumptions
- · Model covers salaries tax on employment income only; profits tax and property tax excluded.
- · Personal allowance used: HKD 132,000 (basic allowance for single person).
- · MPF contributions: 5% employee contribution on income up to HKD 30,000/month (HKD 360,000/year), deductible from taxable income.
- · Maximum tax cap applies: 15% on first HKD 5,000,000 of net income + 16% on remainder, calculated without personal allowances but after other deductions.
- · No local or provincial income taxes in Hong Kong SAR.
- · Concessionary deductions (VHIS, charitable, self-education, home loan interest, etc.) not modeled in representative calculation.
- · Assumes full-year Hong Kong employment with all services rendered in Hong Kong SAR.
Frequently asked questions
How much income tax will I pay in Hong Kong if I earn HKD 300,000 per year?
Hong Kong uses a progressive tax system with five brackets ranging from 2% to 17%. On HKD 300,000 annual income, after the basic personal allowance of HKD 132,000, your taxable income would be HKD 168,000, which falls into the 14% bracket. However, Hong Kong also applies a maximum tax cap of 15% on your first HKD 5,000,000 of net income, which provides significant relief at higher earnings levels.
Do I have to contribute to the Mandatory Provident Fund (MPF) in Hong Kong?
Yes, employees in Hong Kong must contribute 5% of their gross income to the Mandatory Provident Fund, with a maximum contribution of HKD 18,000 per year (based on a monthly income cap of HKD 30,000). The good news is that your MPF contribution is deductible from your taxable income, which reduces your overall tax burden.
What is the basic personal allowance in Hong Kong for 2025?
The basic personal allowance for a single person in Hong Kong is HKD 132,000, which is subtracted from your gross income before calculating your tax liability. This allowance applies to all employees earning employment income in Hong Kong.
Are there state or regional income taxes in Hong Kong in addition to the national tax?
No, Hong Kong SAR has no local or provincial income taxes. The salaries tax (income tax on employment) is the only income tax you pay, making the tax system relatively straightforward compared to many other jurisdictions.
What is the maximum tax rate in Hong Kong and how does it work?
Hong Kong has a maximum tax cap that limits your overall tax burden to 15% on your first HKD 5,000,000 of net income, and 16% on any income above that threshold. This cap is calculated after deductions like MPF contributions but before personal allowances, protecting high earners from paying more than these rates even though the standard brackets go up to 17%.
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