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Hong Kong > Forums  > Hong Kong Forums  > Living in Hong Kong  > Business and Finance

Tax bracket

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Old 26-09-2006, 07:03 AM
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Tax bracket

Good day Everyone,

Does anyone know the average tax bracket for HK employee?

Thank you.

Sincerely yours,

Alvyn
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Old 26-09-2006, 07:42 AM
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I could be wrong, but I thought I'd read that the majority of employees in Hong Kong paid no income tax at all - that is, their income is completely covered by their allowances.

That's not true for expats, of course...
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Old 26-09-2006, 08:24 AM
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http://www.ird.gov.hk/eng/ese/ind_stc.htm -- will help you calculate the taxes. Average would depend, you cannot compare the average restaurant worker with the average investment banker.
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Old 26-09-2006, 10:10 AM
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Of the 3.43 million people who work only 1.22 million pay any income tax.
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