How much will I get taxed in Hong Kong?

Expert Info

Posted by

on 26 Jul 2014

With a 60000HKD salary a month what taxes can I expect to pay yearly as single person with no family?

Anonymous (not verified) on 30 Jul 2014 - 07:53

Hi Oliver,

You will be taxed 2 percent on the 1st 40,000 and then 7 percent on the next 20,000. This will add up around 2,200 per month.

Where are you from? You should investigate whether there is a double taxation agreement that is in place between your home country and Hong Kong.

For more information read the Banking, Money and Taxes in Hong Kong page.

Anonymous (not verified) on 30 Jul 2014 - 08:48

Hi shantalie. Thank you very much for your answer! Sounds like a good deal to me:) I am a Spanish citizen.... I understand correctly That you pay taxes yearly right, opposed from monthly like in the uk? Thanks

Anonymous (not verified) on 30 Jul 2014 - 09:05

Thank you Shantalie! Sounds like a good deal to me :) I am a spanish citizen btw.....if I understand correctly you pay tax once yearly opposed to the UK for example?

Anonymous (not verified) on 4 Aug 2014 - 12:36

Correct - you pay annually by doing a personal tax return. No PAYE so you have to get in to the habit of saving up your tax money as you go through the year. Otherwise you can have a nasty surprise when you get the bill.

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