In response to a question about the average percentage of earnings that are paid as salaries tax, the Secretary for Financial Services and the Treasury provided the following written reply: "In the years of assessment 2001-02, 2002-03 and 2003-04, tax payers subject to progressive rates paid respectively an average of 5.3%, 5.9% and 6.1% of their assessable income (i.e. total gross income from all sources before deduction of any allowable outgoings, expenses, concessionary deductions and allowances) in salaries tax. The lowest amount of tax payable was $1 whereas the highest amounts were $560,112 (US$72,000), $523,701, and $435,340 for the respective years."

...back to 3 November 2005

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Salaries tax

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