Income tax on rent, worked example, in Qatar

Taxation Researcher | December 04, 2017

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 3 25% 4,500 18,000 36,000
= Taxable Income 13,500 54,000 108,000
Income Tax 4
Flat Rate 10% 1,350 5,400 10,800
Annual Income Tax Due 1,350 5,400 10,800
Tax Due as % of Gross Income 7.50% 7.50% 7.50%
Source:Global Property Guide research

Notes

1 The property is jointly owned by husband and wife

2 Exchange rate used: 1.00 US$ = 2,115.00 TZS

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 10%.

 

Comments

Be the first to comment on this article!

Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.