Taiwan: Worked Example of Tax on Rent
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Last Updated: Nov 14, 2006
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 | |
| = Taxable Income | 18,000 | 72,000 | 144,000 | |
| Income Tax Rates | ||||
| Flat Rate2 | 20% | 3,600 | 14,400 | 28,800 |
| Annual Income Tax Due | US$3,600 | US$14,400 | US$28,800 | |
| Tax Due as % of Gross Income | 20% | 20% | 20% | |
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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 November 14, 2006.
Notes
Grant Thornton Taiwan is a member firm of Grant Thornton International. Grant Thornton International is not a worldwide partnership. Member firms of the international organization are independently owned and operated.
1 The property is jointly owned by husband and wife.
2 Nonresident foreign individuals are taxed at a flat 20% rate.
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