Income tax on rent, worked example, in Albania

October 26, 2016

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 Tax4
Flat rate 15% 2,700 10,800 21,600
Annual Income Tax Due 2,700 10,800 21,600
Tax Due as % of Gross Income 15.00% 15.00% 15.00%
Thanks to:

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 EUR = 140.00 ALL

3 Rental income is taxed at a flat rate of 15%.

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.