Income tax on rent, worked example, in Nepal

October 09, 2017

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 Tax 3
Flat rate 25% 4,500 18,000 36,000
Annual Income Tax Due 4,500 18,000 36,000
Tax Due as % of Gross Income 25.00% 25.00% 25.00%


Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 4.00 MYR

3 Rental income earned by nonresident individuals is taxed at a flat rate of 25%.

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