The Income tax rates and personal allowances in Hong Kong are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Hong Kong Tax Calculator 2015.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 2% | Income from $ 0.000.00 | to | $ 40,000.00 |
| 7% | Income from $ 40,000.01 | to | $ 80,000.00 |
| 12% | Income from $ 80,000.01 | to | $ 120,000.00 |
| 17% | Income from $ 120,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 2% | Income from $ 0.000.00 | to | $ 40,000.00 |
| 7% | Income from $ 40,000.01 | to | $ 80,000.00 |
| 12% | Income from $ 80,000.01 | to | $ 120,000.00 |
| 17% | Income from $ 120,000.01 | and above | |
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Hong Kong periodically and typically updated each year. Not that not all tax rates and thresholds in Hong Kong change annually, alterations to tax policy to support strategic economic growth in Hong Kong mean that the certain areas may be focused on to provide specific tax relief in Hong Kong or support growth in certain areas (overseas invstment in Hong Kong for example may mean reduced non-resident income tax rates in Hong Kong for a period).
When tax policy in Hong Kong changes, the resultant tax tables also change. Tax tables in Hong Kong are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Hong Kong, the Hong Kong tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Hong Kong for example).
Hong Kong Tax Tables may also be referred to as Hong Kong Tax Slabs, Hong Kong personal allowances and tax thresholds or Hong Kong business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2015 tax rates and thresholds used within the 2015 Hong Kong Salary Calculator. This means that if you are aware of a 2015 tax exemption or 2015 tax allowance in Hong Kong that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Hong Kong Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Hong Kong Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Hong Kong simple, we achieve this my making the Hong Kong tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2015 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2015 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Hong Kong income tax rates and personal allowances used in the associated income tax calculator for the same tax year.