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Nov 13, 2015

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
= Taxable Income 18,000 72,000 144,000
Income Tax Rates2
Flat Rate 15% 2,700 10,800 21,600
Annual Income Tax Due US$2,700 US$10,800 US$21,600
Tax Due as % of Gross Income 15% 15% 15%
Thanks to:
ACAL - Consultoria e Auditoria S/C

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 residential property is jointly owned by husband and wife.

2 Non-resident couple domiciled in a tax haven country.

3 Nonresident couple is taxed at a flat rate of 15% if they are not domiciled in a tax haven country. Nonresidents´ gross rental income is taxed at a flat rate of 25% if domiciled in a tax haven country.


Non-resident couple´s joint monthly rental income1 2 US$1,500 US$6,000 US$12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income 18,000 72,000 144,000
Income Tax Rates3
Flat Rate 25% 4,500 18,000 36,000
Annual Income Tax Due US$4,500 US$18,000 US$36,000
Tax Due as % of Gross Income 25% 25% 25%
Thanks to:
ACAL Consultoria e Auditoria and KPMG

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 residential property is jointly owned by husband and wife.

2 Non-resident couple domiciled in countries that are not tax havens.

3 Nonresidents´ gross rental income is taxed at a flat rate of 25% if they are domiciled in a tax haven country. Nonresidents´ gross rental income is taxed at a flat rate of 15% if domiciled in a country that is not a tax haven.






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