Global Property Guide

Financial Information for the Residential Property Buyer

Tax Example: Rent

Last Updated: January 12, 2017

Non-resident couple's rental income1
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income 18,000 72,000 144,000
Income Tax4
flat rate 15% 2,700 10,800 21,600
Annual Income Tax Due 2,700 10,800 21,600
Tax due as % of Gross Income 15.00% 15.00% 15.00%
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1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 USD = 13.50 SCR

3 Estimated values. Income-generating expenses are deductible when calculating taxable income.

4 Rental income earned by nonresident individuals is taxed at a flat rate of 15%.


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