Income tax on rent, worked example, in Cambodia
Taxation Researcher | July 09, 2018
|Non-resident couple´s joint monthly rental income1||€1,500||€6,000||€12,000|
|Annual Rental Income||18,000||72,000||144,000|
|= Taxable Income||18,000||72,000||144,000|
|Income Tax Rates2|
|Flat Rate 14%||2,520||10,080||20,160|
|Annual Income Tax Due||€2,520||€10,080||€20,160|
|Tax Due as % of Gross Income||14.00%||14.00%||14.00%|
Global Property Guide research
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 4,015 KHR
3 Rental income earned by nonresident individuals is subject to withholding tax at a flat rate of 14%.