Tax example: Rent
June 03, 2016
| 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 | - | - | - | |
| Income Tax Rates3 | ||||
| Flat rate | - | - | - | |
| Annual Income Tax Due | US$0 | US$0 | US$0 | |
| Tax Due as % of Gross Income | nil | nil | nil | |
Source: |
||||
Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 3.75 SAR
3 No tax is imposed on rental income.
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.