Income tax in Hong Kong (2026)
In 2026, income tax in Hong Kong runs from 2% to 16%. On a HK$700,000 salary you take home HK$608,710 a year, HK$50,726 a month.
Income tax rates
- Top rate
- 16%
- Lowest rate
- 2%
- Tax-free allowance
- HK$145,000
- VAT
- 0%
The 2026 bands, in Hong Kong Dollar
| Taxable income (after allowance) | Rate |
|---|---|
| HK$0 to HK$50,000 | 2% |
| HK$50,000 to HK$100,000 | 6% |
| HK$100,000 to HK$150,000 | 10% |
| HK$150,000 to HK$200,000 | 14% |
| over HK$200,000 | 17% |
Take-home pay by salary
HK$200,000: HK$189,100 take-home (5.4% total tax)HK$250,000: HK$233,950 take-home (6.4% total tax)HK$300,000: HK$277,000 take-home (7.7% total tax)HK$350,000: HK$318,250 take-home (9.1% total tax)HK$400,000: HK$359,710 take-home (10.1% total tax)HK$450,000: HK$401,210 take-home (10.8% total tax)HK$500,000: HK$442,710 take-home (11.5% total tax)HK$600,000: HK$525,710 take-home (12.4% total tax)HK$700,000: HK$608,710 take-home (13% total tax)HK$800,000: HK$691,710 take-home (13.5% total tax)HK$900,000: HK$774,710 take-home (13.9% total tax)HK$1,000,000: HK$857,710 take-home (14.2% total tax)HK$1,200,000: HK$1,023,710 take-home (14.7% total tax)HK$1,500,000: HK$1,272,710 take-home (15.2% total tax)HK$2,000,000: HK$1,687,710 take-home (15.6% total tax)HK$2,500,000: HK$2,109,700 take-home (15.6% total tax)HK$3,000,000: HK$2,534,700 take-home (15.5% total tax)HK$4,000,000: HK$3,384,700 take-home (15.4% total tax)
Compare with other countries
Cost of living in Hong Kong
Frequently asked questions
What are the income tax rates in Hong Kong?
Income tax in Hong Kong runs from 2% to 16%, in 5 bands.
Is there a tax-free allowance in Hong Kong?
Yes — the first HK$145,000 a year is tax-free in Hong Kong.
What is the take-home pay on HK$700,000 in Hong Kong?
On HK$700,000 in Hong Kong you take home HK$608,710 a year — HK$50,726 a month.
2026 rules checked against ird.gov.hk. Single person, employee, no other income. Not tax advice. Change the details