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.