Croatia: Worked Example of Tax on Rent
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Tax Example: Rent
| Non-resident couple's joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less: Standard Costs2 | (5,400) | (21,600) | (43,200) | |
| = Taxable Income | €12,600 | €50,400 | €100,800 | |
| Income Tax Rates3 | ||||
| Rate | 15% | 1,890 | 7,560 | 15,120 |
| Annual Income Tax Due | €1,890 | €7,560 | €15,120 | |
| Tax Due as % of Gross Income | 10.50% | 10.50% | 10.50% | |
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 July 11, 2007.
Notes
1 The property is jointly owned by husband and wife. According to current Croatian legislation, direct ownership by foreigners is subject to the consent of the Ministry of Justice.
2 A standard deduction of 30% the gross rental income is allowed to cover all income-generating expenses. Depreciation is not deductible against rental income.
3 Rental income is taxed at 15%.
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