If you make
HK$300,000 a year living in Hong Kong, you will be taxed HK$11,520. That means that your net pay will be HK$288,480 per year, or HK$24,040 per month. Your average tax rate is 3.84% and your marginal tax rate is 16.04%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of HK$100 in your salary will be taxed HK$16.04, hence, your net pay will only increase by HK$83.96.
HK$1,000 bonus will generate an extra HK$840 of net revenues. A HK$5,000 bonus will generate an extra HK$4,198 of net revenues.
Tax per income
NOTE* Deductions are calculated based on the tables of Hong Kong, 2021 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.