Poland: Worked Example of Tax on Rent
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Last Updated: Oct 02, 2006
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 Income2 | 18,000 | 72,000 | 144,000 | |
| Income Tax Rates | ||||
| Up to €4,000 | 8.5% | 340 | 340 | 340 |
| Over €4,000 | 20% | 2,800 | 13,600 | 28,000 |
| Annual Income Tax Due | €3,140 | €13,940 | €28,340 | |
| Tax Due as % of Gross Income | 17.44% | 19.36% | 19.68% | |
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 2, 2006.
Notes
1 The property is jointly owned by husband and wife
2 In utilizing such flat rates of taxation, no reliefs are available and no expenses are deductible against such rental income. No significant reliefs or deductions would be available if the election to pay the flat rates was not made and the progressive rates were chosen instead.
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