DoubleTaxationTaxes on salary: Hong Kong SAR China preliminary data
How much income tax and social contributions are paid on a salary in Hong Kong SAR China, what a sole proprietor and a company pay, and which special regimes exist. Preliminary data.
Preliminary data: headline rates from official sources and bulletins of international organisations, without reliefs or special rules; being refined.
Calculation for a gross salary of €60,000 per year
| Gross salary | HK$547,980 ≈ €60,000 |
|---|---|
| Income tax | HK$47,447 ≈ €5,195 |
| Employee contributions | HK$18,000 ≈ €1,971 |
| Take-home pay | HK$482,534 ≈ €52,834 |
| Employer contributions and payroll taxes | HK$18,000 ≈ €1,971 |
| Employer's labour cost | HK$565,980 ≈ €61,971 |
Only some of the country's direct taxes and levies are counted: income tax on wages and compulsory contributions. Not counted: property and real-estate taxes; taxes on dividends, interest and other investment income; inheritance and gift taxes; indirect taxes such as VAT, excise and customs duties.
Taxes for sole proprietors and companies
Tax and contributions on the profit for a year; expenses are 10% of revenue, the company pays its profit out to the owner. Reliefs and local taxes are not included.
| Annual revenue | €30,000 HK$273,990 | €60,000 HK$547,980 | €120,000 HK$1,095,960 |
|---|---|---|---|
| Sole proprietor | HK$29,899 12.1 % | HK$53,639 10.9 % | HK$90,627 9.2 % |
| Company | HK$20,344 8.3 % | HK$40,688 8.3 % | HK$81,375 8.3 % |
Special tax regimes
There are no special regimes for individuals.
Tax residence
The tax residence check does not cover Hong Kong SAR China yet.
Assumptions
- Calculated with the OECD Taxing Wages methodology: income tax including local taxes plus employee social security; single person without children, tax year 2026, ECB rate of 2 January 2026.
- Exchange rate: 1 EUR = 9.133003 HKD (Hong Kong Monetary Authority — daily HKD exchange rate (end of day, HKD per USD), linked exchange rate system (convertibility band 7.75-7.85), 02/01/2026) ↗
Sources
- GovHK — Tax rates of salaries tax and personal assessment
- Inland Revenue Department — 2026-27 Budget tax measures (allowances from 2026/27)
- GovHK — Tax rates of profits tax
- Mandatory Provident Fund Schemes Authority — mandatory contributions for employees
- GovHK — Deductions for MPF / recognised retirement scheme contributions (max HK$18,000 a year from 2020/21)
- Mandatory Provident Fund Schemes Authority — mandatory contributions for self-employed persons
- Hong Kong Monetary Authority — API, daily exchange rates of the Hong Kong dollar
- Inland Revenue Department — Profits tax (rates for corporations and unincorporated businesses)
Data checked: 08/11/2026. An indicative calculation for a typical case. Not tax advice.