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:
Ginthoer & Partner

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%.