Argentina: Worked Example of Tax on Rent
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Last Updated: Oct 03, 2006
Tax Example: Rent
| Non-resident couple's joint monthly rental income1 | US$1,500 | US$6,000 | US$12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less Costs (40%)2 | (7,200) | (28,800) | (57,600) | |
| = Taxable Income | 10,800 | 43,200 | 81,400 | |
| Income Tax Rates3 | ||||
| Flat Rate | 35% | 3,780 | 15,120 | 30,240 |
| Annual Income Tax Due | US$3,780 | US$15,120 | US$30,240 | |
| Tax Due as % of Gross Income | 21% | 21% | 21% | |
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 October 3, 2006.
Notes
1 The property is jointly owned by husband and wife.
2 The 40% standard deduction accounts for income-generating expenses.
2 Non-residents are taxed a flat rate of 35% on 60% of gross income [(60% of gross income) * 35%]; an effective rate of 21% on gross income (21% * gross income). This income tax is withheld by the tenant.
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!