Tunisia: Worked Example of Tax on Rent
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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 Standard Costs2 | (5,400) | (21,600) | (43,200) | |
| Less Real Estate Tax3 | (360) | (1,440) | (2,880) | |
| = Taxable Income | US$12,240 | US$48,960 | US$97,920 | |
| Income Tax Rates4 | ||||
| Up to TND1,500 | nil | – | – | – |
| TND1,500 – TND5,000 | 15% | 1,050 | 1,050 | 1,050 |
| TND5,000 – TND10,000 | 20% | 448 | 2,000 | 2,000 |
| TND10,000 – TND20,000 | 25% | – | 5,000 | 5,000 |
| TND20,000 – TND50,000 | 30% | – | 2,688 | 17,376 |
| Over TND50,000 | 35% | – | – | – |
| Annual Income Tax Due | US$1,498 | US$10,738 | US$25,426 | |
| Tax Due as % of Gross Income | 8.32% | 14.91% | 17.66% | |
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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 August 1, 2007.
Notes
1 The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Estimated values. A standard deduction of 30% the gross income covers income-generating expenses. If justified by proper documents, actually incurred expenses (over the standard deduction) can be deducted.
3 Estimated values.
4 Individuals are subject to progressive income tax rates in Tunisia.
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