Russia: 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 | |
| = Taxable Income | 18,000 | 72,000 | 144,000 | |
| Income Tax Rates | ||||
| Flat Rate2 | 30% | 5,400 | 21,600 | 43,200 |
| Annual Income Tax Due | €5,400 | €21,600 | €43,200 | |
| Tax Due as % of Gross Income | 30% | 30% | 30% | |
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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 23, 2008 .
Notes
1 No special rules for spouses are provided under the Russian tax law, so each spouse’s income is declared and taxed separately. The residential property is jointly owned by husband and wife, i.e. at the time the property is purchased, each owns a proportion of the property according to the sale and purchase agreement.
2 Non-residents are taxed at a flat tax rate of 30%, without deductions.
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