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Macedonia: Worked Example of Tax on Rent

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Last Updated: Aug 02, 2008

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
Tax Rate 7.52% 1,354 5,414 10,829
Annual Income Tax Due €1,354 €5,414 €10,829
Tax Due as % of Gross Income 7.52% 7.52% 7.52%
Thanks to:

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 August 2, 2008.


Notes


1 The property is jointly owned by husband and wife.

2 Tax rates levied on rental income as follows:


TAX RATES
CATEGORY
Until 31
December 2007
As of 01
January 2008
Unstudied business space
9.89%
8.11%
Accommodated business space
9.17%
7.52%

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