Tax Example: Rent
Taxation Researcher | April 11, 2017
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 7.70 HRK
3 A standard deduction of 30% of the gross income is allowed to account for income-generating expenses.
4 Rental income earned by nonresident individuals is taxed at a flat rate of 12%.