Income tax on rent, worked example, in Fiji
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| Non-resident couple´s joint monthly rental income1 | US$1,500 | US$6,000 | US$12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less Costs2 | (6,700) | (21,700) | (43,400) | |
| = Taxable Income | US$11,300 | US$50,300 | US$100,600 | |
| Income Tax Rates3 | ||||
| Up to FJD8,840 | 20% | 1,126 | 1,126 | 1,126 |
| FJD8,840 - FJD10,000 | 25% | 185 | 185 | 185 |
| FJD10,000 - FJD20,000 | 30% | 1,490 | 1,911 | 1,911 |
| Over FJD20,000 | 31% | - | 11,644 | 27,237 |
| Annual Income Tax Due | US$2,790 | US$14,866 | US$30,459 | |
| Tax Due as % of Gross Income | 14.00% | 14.00% | 14.00% | |
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 1, 2007.
Notes
1 The property is jointly owned by husband and wife. Exchange rate as of 05 October 2007: 1 USD= 1.57015 FJD.
2 Estimated costs. Allowable deductible expenses are land rent (if any), local authority rates, property insurance, repairs and maintenance.
2 Income tax rates for nonresidents.