Question 1

What are the Hong Kong salaries tax rates for 2024/25?

Accepted Answer

Hong Kong uses progressive tax rates: 2% on the first HKD 50,000, 6% on the next HKD 50,000, 10% on the next HKD 50,000, 14% on the next HKD 50,000, and 17% on the remainder. However, tax is capped at the standard rate of 15% (or 16% for income above HKD 5 million).

Question 2

What is the standard rate in Hong Kong?

Accepted Answer

The standard rate is 15% on net assessable income (after deductions). For very high earners with income over HKD 5 million, a two-tier standard rate applies: 15% on the first HKD 5 million and 16% on the remainder. Taxpayers pay whichever is lower - progressive rates or standard rate.

Question 3

What is MPF and how much do I contribute?

Accepted Answer

MPF (Mandatory Provident Fund) is Hong Kong's retirement savings scheme. Employees contribute 5% of their relevant income, capped at HKD 1,500 per month (HKD 18,000 per year). Employer also contributes 5%.

Question 4

When does the Hong Kong tax year start?

Accepted Answer

The Hong Kong tax year runs from April 1 to March 31. For example, the 2024/25 tax year runs from April 1, 2024 to March 31, 2025.

Net Chargeable Income	Rate
First HKD 50,000	2%
Next HKD 50,000	6%
Next HKD 50,000	10%
Next HKD 50,000	14%
Remainder	17%

Item	Rate
Standard Rate (first HKD 5M)	15%
Standard Rate (above HKD 5M)	16%
MPF Employee Contribution	5% (max HKD 1,500/month)
Basic Allowance	HKD 132,000

Hong Kong Tax Calculator 2024/25 - Salaries Tax & MPF

Calculate Your Hong Kong Tax

🇭🇰 Hong Kong 2024/25 Tax Rates at a Glance

Progressive Tax Rates

Standard Rate & MPF

Hong Kong Tax Calculator 2024/25 - Salaries Tax & MPF

Calculate Your Hong Kong Tax

📤 Share Your HK Tax Analysis

🇭🇰 Hong Kong 2024/25 Tax Rates at a Glance

Progressive Tax Rates

Standard Rate & MPF