Income tax on rent, worked example, in Tunisia
August 23, 2016
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1 The property is jointly owned by husband and wife, but in Tunisia, married couples are taxed separately (50% upon each partner). So the calculated figures in the tax bands reflect the tax rates applied to their separate incomes, with the resulting calculated individual tax total multiplied by two (to reflect the total net income derived from the properties). So for instance, in the US$1,500 monthly income band, each spouse has an income of TND12,240, which falls within the TND10,000 - TND20,000 tax band, not into the TND20,000-TND50,000 band.
2 Exchange rate used: 1.00 US$ = 2 .00 TND
3 Estimated values.
4 Individuals are subject to progressive income tax rates in Tunisia.
5 Rental income earned by nonresident individuals is taxed at progressive rates.
|TAXABALE INCOME, TND (US$)|
|Up to 1,500 (US$ 750)|
|1,500 - 5,000 (US$2,500)|
|5,000 - 10,000 (US$5,000)|
|10,000 - 20,000 (US$10,000)|
|20,000 - 50,000 (US$25,000)|
|Over 50,000 (US$25,000)|