Hong Kong Salaries Tax Calculator (2025/26)

How it works

Tax = lower of [progressive 2% / 6% / 10% / 14% on four $50,000 bands, 17% above, on income − deductions − allowances] and [15% × (income − deductions), 16% above $5M] − rebate

Hong Kong’s salaries tax is famously light and simple. You compute two figures and pay the lower: the progressive scale on net chargeable income (after generous personal allowances of $132,000 single or $264,000 married, plus $130,000 per child), and the flat standard rate on net income before allowances. The standard rate only wins for high earners — roughly above $2 million for a single person. Deductions include mandatory MPF (capped at $18,000), home loan interest or domestic rent (each up to $100,000), self-education, approved donations and voluntary MPF/annuity premiums ($60,000). The government has offered a one-off rebate most years; 2024/25 and 2025/26 give 100% capped at $1,500. There is no tax on capital gains, dividends or interest.

Worked example

Single, $600,000 income, $18,000 MPF: net income $582,000, less $132,000 allowance = $450,000 chargeable → $1,000 + $3,000 + $5,000 + $7,000 + $42,500 = $58,500, versus $87,300 at the standard rate; after the $1,500 rebate, $57,000.

Frequently asked questions