Income tax on rent, worked example, in Kazakhstan
March 06, 2016
|Non-resident couple's joint monthly rental income1|
|Monthly Rental Income2||1,500||6,000||12,000|
|Annual Rental Income||18,000||72,000||144,000|
|= Taxable Income||13,500||54,000||108,00|
|Income Tax 4|
|Annual Income Tax Due||2,700||10,800||21,600|
|Tax Due as % of Gross Income||15.00%||15.00%||15.00%|
Global Property Guide research
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 349.00 KZT
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at a flat rate of 20%.