Income tax on rent, worked example, in Jordan
Taxation Researcher | March 03, 2016
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1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 0.70 JOD
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is subject to corporate income tax at a flat rate of 20%.