Income tax on rent, worked example, in Croatia
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| Non-resident couple´s joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Less: Expenses2 | (5,400) | (21,600) | (43,200) | |
| = Taxable Income | €12,600 | €50,400 | €100,800 | |
| Income Tax Rates3 | ||||
| Flat Rate | 12% | 1,512 | 6,048 | 12,096 |
| Annual Income Tax Due | 1,512 | 6,048 | 12,096 | |
| Tax Due as % of Gross Income | 8.40% | 8.40% | 8.40% | |
Thanks to: |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 7.70 HRK
3 A standard deduction of 30% of the gross income is allowed to account for income-generating expenses.
4 Rental income earned by nonresident individuals is taxed at a flat rate of 12%.
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