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 do I pay in Hong Kong if I earn HKD 150,000 per year?
Hong Kong uses a progressive tax system with 5 brackets ranging from 2% to 17%. On HKD 150,000, you'd pay 2% on the first HKD 50,000, 6% on the next HKD 50,000, and 10% on the final HKD 50,000, minus the basic personal allowance of HKD 132,000. However, your total tax is capped at 15% of your net income under Hong Kong's maximum tax cap rule.
What is the Mandatory Provident Fund (MPF) and how much do I contribute?
The MPF is Hong Kong's mandatory retirement savings scheme where employees contribute 5% of their gross income, up to a maximum of HKD 18,000 per year. This contribution is deductible from your taxable income, which effectively reduces your income tax liability. The 5% rate applies to monthly income up to HKD 30,000, so earnings above that threshold don't incur additional MPF contributions.
Is there a flat tax rate or multiple tax brackets in Hong Kong?
Hong Kong has a progressive tax system with 5 income brackets, starting at 2% on income up to HKD 50,000 and rising to 17% on income above HKD 200,000. However, there's a maximum tax cap that limits your total tax to 15% on the first HKD 5,000,000 of net income and 16% on any amount above that, which can result in a lower effective rate than the standard brackets suggest.
Do I pay local or provincial taxes in addition to Hong Kong income tax?
No, there are no local or provincial income taxes in Hong Kong SAR. The salaries tax you pay is the only employment income tax, though this calculator focuses on salaries tax and excludes other taxes like profits tax on business income or property tax on real estate.
How does the personal allowance work in Hong Kong's tax system?
The basic personal allowance for a single person is HKD 132,000, which is subtracted from your total income before calculating tax. This means if you earn HKD 150,000, only HKD 18,000 is subject to tax, making the personal allowance an effective tax relief for all residents. The allowance significantly reduces your tax burden, especially for lower and middle-income earners.
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