Income tax on rent, worked example, in Uganda

Taxation Researcher | May 28, 2021

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 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%
Source:
Global Property Guide



Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 3,700.00 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 15% on income exceeding UGS2,820,000 (US$775).

 

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