Mauritius: Worked Example of Tax on Rent
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Tax Example: Rent
| Non-resident couple's joint monthly rental income1 | US$1,500 | US$6,000 | US$12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less Cost2 | (2,908) | (11,241) | (22,509) | |
| Less Estate Agent Commission3 | (750) | (3,000) | (6,000) | |
| = Taxable Income | 14,342 | 57,759 | 115,491 | |
| Income Tax Rate4 | ||||
| income tax | 15% | US$2,151 | US$8,664 | US$17,324 |
| Annual Income Tax Due | US$2,151 | US$8,664 | US$17,324 | |
| Tax Due as % of Gross Income | 11.95% | 12% | 12% | |
Thanks to: |
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DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 4, 2006.
Notes
1 The residential property is jointly owned by husband and wife. Exchange rate used is US$1 = MUR38.5.
2 Estimated costs include maintenance, residential property and municipal taxes, and estate management fee.
3 Half of monthly rent. This is a one time fee for client introduction.
4 Non-residents gross rental income is liable to withholding tax at a rate of 15%, withheld at source.
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