Income tax on rent, worked example, in Slovenia
Taxation Researcher | October 19, 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|
|= Taxable Income||16,200||64,800||129,600|
|Annual Income Tax Due||4,050||16,200||32,400|
|Tax Due as % of Gross Income||22.50%||22.50%||22.50%|
Global Property Guide
1 The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 A standard deduction of 10% of gross income is allotted for income-generating expenses. Instead of using the standard deduction option, taxpayers can opt to itemize their income-generating expenses but supporting documents must be presented.
4 Nonresident foreigners´ rental income is taxed at a flat rate of 25%.