Hong Kong salaries tax

Salaries tax for 2026/27, worked out both ways (progressive and standard rate), plus your MPF contributions.

Salaries tax, 2026/27

Your salaries tax is HK$42,690

8.2% of your HK$520,000 income, charged at the progressive rate, the lower of the two. After tax and HK$18,000 of MPF you keep HK$459,310, about HK$38,276 a month.

Monthly salary

HK$

Bonus a year

HK$

Allowance

Other deductions

HK$

Home loan interest, donations, self-education, VHIS, voluntary MPF.

Other allowances

HK$

Child, dependent parent, single parent and so on.

The two ways it’s charged

Inland Revenue works out your tax both ways and charges the lower: progressive rates on income after allowances, or the standard rate on income before allowances.

Tax for the year

Standard rate (15%/16%)HK$75,300

Progressive (2%–17%)HK$42,690

The progressive rates are lower for you.

Your MPF

HK$18K

a year, tax-deductible

Employer MPF

HK$18K

a year

Net chargeable income

HK$357K

How this is calculated

Progressive: 2%, 6%, 10% and 14% on successive HK$50,000 slices of net chargeable income, then 17%. Standard: 15% of net income on the first HK$5 million and 16% above, with no allowances.

net income = income − MPF (max HK$18,000) − deductions
net chargeable = net income − allowances (HK$145,000)

Any one-off tax reduction announced in the Budget isn’t included. Allowances for 2026/27 as raised in the 2026-27 Budget. Not tax advice.