Tax Example: Rent

October 13, 2015

Non-resident couple's rental income1 US$1,500 US$6,000 US$12,000
Monthly Rental Income2 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
Less
= Taxable Income 18,000 72,000 144,0
Income Tax3
Flat rate 10% 1,800 7,200 14,400
Annual Income Tax Due 1,800 7,200 14,400
Tax Due as % of Gross Income 10% 10% 10%

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 13, 2015.

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 2,115.00 TZS

3 Properties leased to tourists are subject to 10% accommodation tax, levied on the gross rent.

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