Income tax on rent, worked example, in Bangladesh
November 21, 2016
| 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 Tax3 | ||||
| Flat rate | 30% | 5,400 | 21,600 | 43,200 |
| Annual Income Tax Due | 5,400 | 21,600 | 43,200 | |
| Tax Due as % of Gross Income | 30% | 30% | 30% | |
Thanks to: |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 78.06 BDT
3 Rental income earned by nonresident individuals is taxed at a flat rate of 30%.