Hong Kong income tax rates
Salaries Tax — the tax on income from employment, office and pension arising in or derived from Hong Kong. Tax is the LOWER of (a) progressive rates on net chargeable income (income less deductions and allowances) or (b) the standard rate on net income (income less deductions, without allowances). This series serves the PROGRESSIVE bands; the standard-rate cap is documented in notes.
| Current value | 5 entries — see the API for the full schedule |
|---|---|
| In force from | 2018-04-01 |
| Official source | GovHK 'Tax Rates of Salaries Tax & Personal Assessment' / Inland Revenue Department — progressive rates 2%/6%/10%/14%/17% on successive $50,000 bands of net chargeable income (unchanged since year of assessment 2018/19); two-tiered standard rate 15%/16% from year of assessment 2024/25. Inland Revenue Ordinance Cap. 112 |
| Last verified | 2026-07-23 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Progressive Salaries Tax on NET CHARGEABLE INCOME (= assessable income - deductions - personal allowances): 2% on the first HK$50,000; 6% on the next HK$50,000; 10% on the next HK$50,000; 14% on the next HK$50,000; 17% on the remainder above HK$200,000. These five $50,000 bands have applied unchanged since year of assessment 2018/19 (before that, four bands of $45,000 at 2%/7%/12%/17%), hence effective_from 1 Apr 2018. STANDARD-RATE CAP (the trap the brief flags): total Salaries Tax can never exceed the STANDARD RATE applied to NET INCOME (= assessable income - deductions, WITHOUT personal allowances). From year of assessment 2024/25 the standard rate is TWO-TIERED: 15% on the first HK$5,000,000 of net income and 16% on the portion above HK$5,000,000 (before 2024/25 it was a flat 15%). The IRD assesses tax both ways and charges the LOWER amount, so high earners are effectively capped at the standard rate while most taxpayers pay the progressive amount. A one-off Salaries Tax reduction is commonly granted in the Budget (e.g. 100% capped at a set ceiling in recent years) and further lowers the final bill — not modelled in the bands. Individuals may also elect Personal Assessment to aggregate income. Same rates for all years of assessment 2018/19 through 2025/26 for the progressive bands; verified on GovHK / IRD (Inland Revenue Ordinance Cap. 112, Second Schedule).
Get it programmatically
curl https://asiaref.dev/v1/hk/income-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/hk/income-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/hk/income-taxOther Hong Kong series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · corporate tax rate