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Estonia: Worked Example of Tax on Rent

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Last Updated: Dec 10, 2007

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
= Taxable Income €18,000 €72,000 €144,000
Income Tax Rates2
Flat rate 21% 3,780 15,120 30,240
Annual Income Tax Due €3,780 €15,120 €30,240
Tax Due as % of Gross Income 21% 21% 21%
Thanks to:
Paul Varul

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 December 10, 2007.

Notes


1 The property is jointly owned by husband and wife.

2 The tax rate for 2008 is 21%. Tax rules are likely to be changed in 2009.

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