Hong Kong

Currency
Hong Kong dollar (HKD)
Payroll Frequency
Monthly
Employer Taxes
5.00% + 1500.00 HKD

About 

Hong Kong

Hong Kong is a special administrative region within China, having passed from British to Chinese control in 1997. It is one of the most developed and densely populated territories in the world, with more skyscrapers than any other city.

Overview

Population
7,500,700
Language
Chinese, English
Capital
Hong Kong
Currency
Hong Kong dollar (HKD)
Country code
+852
Min wage
37.50 HKD per hour
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Monthly

Avg employer tax

5.00% + 1500.00 HKD

Taxation

Tax breakdown - Employer
  • Mandatory Provident Fund (maximum taxable income is 30,000 HKD): 5%
  • For earnings of 30,001 HKD or over: 1,500 HKD
VAT

0%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 1 Feb: Lunar New Year
  • 2 Feb: The Second Day of Lunar New Year
  • 3 Feb: The Third Day of Lunar New Year
  • 5 Apr: Ching Ming Festival
  • 15 Apr: Good Friday
  • 16 Apr: The Day Following Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 2 May: Labor Day Holiday
  • 8 May: Birthday of Buddha
  • 9 May: Birthday of Buddha Holiday
  • 3 Jun: Tuen Ng Festival
  • 1 Jul: HKSAR Establishment Day
  • 12 Sep: The Day Following Mid-Autumn Festival
  • 1 Oct: National Day
  • 4 Oct: Chung Yeung Festival
  • 25 Dec: Christmas Day
  • 26 Dec: The First Weekday After Christmas Day
  • 27 Dec: Christmas Holiday
Sick days

Paid sick leave depends on length of service, with employees entitled to two sick days per month in their first year with an employer, doubling to four days per month from year two onward. Employees may accumulate sick leave up to a maximum of 120 days. Sick pay is 80% of the employee's average salary over the last year or from the day of commencing employment (if that was less than a year ago).

Maternity leave

Employees who have been with an employer for a minimum of 40 weeks are entitled to 14 weeks of maternity leave (rising to 18 weeks in the event of multiple or complicated births). Maternity leave commences between two and four weeks prior to the expected date of birth. Maternity leave payments amount to 80% of the employee's average salary over the last year (up to a cap of 80,000 KD), with the employer being reimbursed by the government.

Paternity leave

Employees who have been with an employer for a minimum of 40 weeks are entitled to five days of paid paternity leave. Paternity leave payments amount to 80% of the employee's average salary over the last year.

Termination

Termination Process

Labor laws set out the standard termination process that must be followed in Hong Kong unless an employer has evidence to justify dismissal without notice. Written notice of termination is required and must also be sent to relevant government authorities.

Notice Period

Standard notice periods are 30 days unless the employment contract specifies a longer period.

Severance Pay

Employers must give severance pay to eligible employees (i.e. those who have been employed for at least two years and who have neither resigned nor been summarily dismissed). Severance pay amounts to either two-thirds of 22,500 HKD or two-thirds of the employee's regular salary (whichever figure is lower) for each year of service (up to a maximum payment of 390,000 HKD).

Probation Period

Employment contracts in Hong Kong must stipulate the length of the probation period, which is typically somewhere between one week and one month.

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Tax Calculation

*
Thank you! Your submission has been received!
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HK
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Hong Kong

Currency
Hong Kong dollar (HKD)
Payroll Frequency
Monthly
Employer Taxes
5.00% + 1500.00 HKD

About 

Hong Kong

Hong Kong is a special administrative region within China, having passed from British to Chinese control in 1997. It is one of the most developed and densely populated territories in the world, with more skyscrapers than any other city.

Overview

Population
7,500,700
Language
Chinese, English
Capital
Hong Kong
Currency
Hong Kong dollar (HKD)
Country code
+852
Min wage
37.50 HKD per hour
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Monthly

Avg employer tax

5.00% + 1500.00 HKD

Taxation

Tax breakdown - Employer
  • Mandatory Provident Fund (maximum taxable income is 30,000 HKD): 5%
  • For earnings of 30,001 HKD or over: 1,500 HKD
VAT

0%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 1 Feb: Lunar New Year
  • 2 Feb: The Second Day of Lunar New Year
  • 3 Feb: The Third Day of Lunar New Year
  • 5 Apr: Ching Ming Festival
  • 15 Apr: Good Friday
  • 16 Apr: The Day Following Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 2 May: Labor Day Holiday
  • 8 May: Birthday of Buddha
  • 9 May: Birthday of Buddha Holiday
  • 3 Jun: Tuen Ng Festival
  • 1 Jul: HKSAR Establishment Day
  • 12 Sep: The Day Following Mid-Autumn Festival
  • 1 Oct: National Day
  • 4 Oct: Chung Yeung Festival
  • 25 Dec: Christmas Day
  • 26 Dec: The First Weekday After Christmas Day
  • 27 Dec: Christmas Holiday
Sick days

Paid sick leave depends on length of service, with employees entitled to two sick days per month in their first year with an employer, doubling to four days per month from year two onward. Employees may accumulate sick leave up to a maximum of 120 days. Sick pay is 80% of the employee's average salary over the last year or from the day of commencing employment (if that was less than a year ago).

Maternity leave

Employees who have been with an employer for a minimum of 40 weeks are entitled to 14 weeks of maternity leave (rising to 18 weeks in the event of multiple or complicated births). Maternity leave commences between two and four weeks prior to the expected date of birth. Maternity leave payments amount to 80% of the employee's average salary over the last year (up to a cap of 80,000 KD), with the employer being reimbursed by the government.

Paternity leave

Employees who have been with an employer for a minimum of 40 weeks are entitled to five days of paid paternity leave. Paternity leave payments amount to 80% of the employee's average salary over the last year.

Termination

Termination Process

Labor laws set out the standard termination process that must be followed in Hong Kong unless an employer has evidence to justify dismissal without notice. Written notice of termination is required and must also be sent to relevant government authorities.

Notice Period

Standard notice periods are 30 days unless the employment contract specifies a longer period.

Severance Pay

Employers must give severance pay to eligible employees (i.e. those who have been employed for at least two years and who have neither resigned nor been summarily dismissed). Severance pay amounts to either two-thirds of 22,500 HKD or two-thirds of the employee's regular salary (whichever figure is lower) for each year of service (up to a maximum payment of 390,000 HKD).

Probation Period

Employment contracts in Hong Kong must stipulate the length of the probation period, which is typically somewhere between one week and one month.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
HK
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation