Taxes in Hong Kong - What's the actual take home pay?

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Posted by

on 6 Apr 2013

Hi, is there any hidden cost in gross monthly salary? What's the actual take home pay? In Singapore, the actual take home pay is less than 80% of our salary as 20% goes to Central Provident Fund and another few dollars goes to a self help organization. thanks

Anonymous (not verified) on 8 Apr 2013 - 09:01

Hi againsttheodds

Tax rates in Hong Kong are quite low so expats shouldn't ever have to pay more than 17 percent income tax. You should also check whether Singapore has a double taxation agreement with Hong Kong as this can save you a lot of money on income tax as well.

For more information on taxes in Hong Kong see Banking, money and taxes in Hong Kong. Also see Salaries for expats in Hong Kong for a guide to what most expats earn.

The best of luck with your move.

Candice

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