Rental Income Tax Bangladesh
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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:
|
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%.