Tax Example: Rent

April 14, 2016

Non-resident couple's joint monthly rental income1 US$1,500 US$6,000 US$12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income 18,000 72,000 144,000
Income Tax3
Flat rate 15% 1,800 7,200 14,400
Annual Income Tax Due 1,800 7,200 14,400
Tax Due as % of Gross Income 10.00% 10.00% 10.00%
Source:
Global Property Guide research

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 EUR = 22.00 MDL

3 Rental income earned by nonresident individuals is taxed at a flat rate of 10%, withheld at source.

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