hkguy
Don’t forget you will also have to pay provisional tax on this, so effectively doubling it. You will though get this back the following year as it is a one off “bonus” for want of a better word. To budget this over 72 months you will need to put aside HK$4600.00 per month on top of your normal budget for tax.
If you are single and earn more than HK1,518,000.00 in the financial year the HKIRD will calculate your income tax at the “Standard Rate” 15% rather than the “Progressive Rate” i.e. tiered rate that has a top marginal tax rate of 17%. You are effectively being charged the lower rate of tax between the two methods.