Rental Income Tax Slovak Republic
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Income tax on rent, worked example, in Slovak Republic
Taxation Researcher |
October 15, 2019
NON-RESIDENT COUPLE FILING SEPARATELY (TAKING STANDARD DEDUCTIONS) |
Non-resident couple´s rental income1 |
|
|
|
Monthly Rental Income2 |
1,500 |
6,000 |
12,000 |
Annual Rental Income |
18,000 |
72,000 |
144,000 |
Less Expenses (25%)3 |
(4,500) |
(18,000) |
(36,000) |
Less Personal Allowance4 |
(4,710) |
(4,710) |
(4,710) |
= Taxable Income |
8,790 |
49,290 |
103,290 |
Income Tax5 |
|
|
|
Up to € 36,256.38
|
19% |
1,670 |
6,889 |
6,889 |
Over € 36,256.38
|
25% |
- |
3,258 |
16,758 |
Annual Income Tax Due |
1,670 |
10,147 |
23,647 |
Tax Due as % of Gross Income |
9.28% |
14.09% |
16.42% |
Thanks to:
 |
Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 Estimated values. Income-generating expenses are deductible when calculating
taxable income.
4 Rental income earned by nonresident individuals is taxed at a flat rate of 19% for
income up to €36,256.38, and a flat rate of 25% for income exceeding
€36,256.38.