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: Expenses3	40%	7,200	28,800	57,600
Depreciation4	10%	1,800	7,200	14,400
= Taxable Income		9,000	36,000	72,000
Income Tax5
Up to € 12,000	15%	1,350	1,800	1,800
Over € 12,000	35%	-	8,050	8,050
Over € 35,000	45%	-	450	16,650
Annual Income Tax Due		1,350	10,300	26,500
Tax Due as % of Gross Income		7.50%	14.31%	18.40%
Thanks to:

Notes

¹ The property is jointly owned by husband and wife.

² Exchange rate used: 1.00 EUR = 1.00 EUR

³ A standard deduction of 40% is allowed to account for income-generating expenses.

Taxpayers may choose itemized deductions instead of availing the standard deduction, but the expenses must be supported by valid invoices.

⁴A deduction of 10% is allowed for depreciation expense.

⁵ Rental income earned by nonresident individuals are taxed at progressive rates.