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Argentina: Worked Example of Tax on Rent

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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:
MGI Jebsen & Co.

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.

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