HK 2028 Salaries Tax
HK 2028-29 Salaries Tax: progressive 2-17% or flat 15% standard rate — pay lower. Personal allowance HK$132,000. Numerous spouse/child/parent allowances stack.
| Income | — |
| Progressive tax | — |
| Standard 15% tax | — |
| Lower of two | — |
Hong Kong 2028-29 Salaries Tax uses progressive bands (2/6/10/14/17%) or standard flat 15% — taxpayer pays whichever is lower. Personal allowance HK$132,000 + multiple stackable allowances for spouse, child, dependent parent, etc. Among lowest income tax burdens globally.
Progressive vs Standard
Progressive bands favor lower-middle income with allowances. Standard 15% favors high earners — kicks in around HK$1.5M+ income. System optimizes for taxpayer.
Allowances Stack
Basic HK$132k + married 264k + child HK$130k each + parent/grandparent HK$50-100k + disabled dependent etc. Family of 4 with elderly parent: easily HK$500k+ total allowances — large income tax-free zone.
No Other Income Taxes
HK has no CGT, no dividend tax, no VAT/GST, no estate tax (since 2006). Only Salaries Tax + Property Tax + Profits Tax (corp). One of simplest tax regimes globally.
Last updated May 2026. Sources: IRD HK.