Hong Kong Tax Tables 2017 - Tax Rates and Thresholds in Hong Kong
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This page contains the tax table information used for the calculation of tax and payroll deductions in Hong Kong in 2017. These tax tables are used for the tax and payroll calculators published on iCalculator™ HK, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Hong Kong or would like to add to or suggest amendments to the information herein then please contact us.
2017 Tax Tables [Quick Links]
Related Calculators
Hong Kong Personal Income Tax Tables in 2017
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 2017.
Hong Kong Residents Income Tax Tables in 2017
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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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 |
Hong Kong Non-residents Income Tax Tables in 2017
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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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 |
In Hong Kong, contributions to the Mandatory Provident Fund (MPF) made by employees are deductible from their taxable income. This means that the amount contributed to the MPF by an employee can be used to reduce their total taxable income, thereby potentially lowering their overall tax liability. This deduction is part of Hong Kong's effort to encourage savings for retirement while providing immediate tax benefits to employees.
Hong Kong Social Security and Payroll Deduction Rates in 2017
In Hong Kong, social security and payroll deductions primarily involve contributions to the Mandatory Provident Fund (MPF) system, which is a key component of the territory's retirement protection scheme. Both employees and employers are required to make contributions to the MPF, which serves as a pension fund to provide financial security for individuals in their retirement years.
Hong Kong Social Security in 2017: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Mandatory Provident Fund | 5% | 5% | 10% |
Hong Kong Social Security and Payroll Deduction in 2017: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Mandatory Provident Fund | $ 85,200.00 | $ 360,000.00 | n/a | n/a |
Historic Tax Tables supported for Hong Kong
The following tax tables are supported by iCalculator™ HK as part of the suite of free tax tools we provide for Hong Kong.