Income tax on rent, worked example, in Uganda
September 02, 2016
|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 Income2||US$18,000||US$72,000||US$144,000|
|Income Tax Rates3|
|Up to UGS 2,820,000||0%||-||-||-|
|Over UGS 2,820,000||20%||3,445||14,245||28,645|
|Annual Income Tax Due||3,445||14,245||28,645|
|Tax Due as % of Gross Income||19.14%||19.78%||19.89%|
Global Property Guide
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 3,640.00 UGS
3 Nonresidents are taxed on their gross rental income. Income-generating expenses are not deductible.
4 Rental income earned by nonresident individuals is taxed at a flat rate of 20% on income exceeding UGS2,820,000 (US$775).