Tax Example: Rent
October 03, 2017
|Non-resident couple's joint income1|
|Monthly Rental Income2||1,500||6,000||12,00|
|Annual Rental Income||18,000||72,000||144,000|
|Income Tax Rates4|
|Annual Income Tax Due||1,350||5,400||10,800|
|Tax Due as % of Gross Income||7.50%||7.50%||7.50%|
Global Property Guide research
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 USD = 1170.00 MMK
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is generally taxed at a flat rate of 10%.