Income tax on rent, worked example, in Russia

Taxation Researcher | October 01, 2019

Non-resident couple´s 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 Tax3
Flat Rate 20% 3,600 14,400 28,800
Annual Income Tax Due 3,600 14,400 28,800
Tax Due as % of Gross Income 20.00% 20.00% 20.00%
Thanks to:
PriceWaterHouseCoopers

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 June 01, 2016 .


Notes


1 No special rules for spouses are provided under the Russian tax law, so each spouse´s income is declared and taxed separately. The residential property is jointly owned by husband and wife, i.e. at the time the property is purchased, each owns a proportion of the property according to the sale and purchase agreement.

2 Exchange rate used: 1.00 EUR = 70.00 RUB

3 Nonresidents are taxed at a flat rate of 20%, without deductions.

  

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