Income tax on rent, worked example, in Lebanon
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Nonresident Couple:
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 1,510.00 LBP
3 Estimated values. Income-generating expenses are deductible when calculating taxable income.
4 Rental income earned by nonresident individuals is taxed at progressive rates.
INCOME TAX 2015 ON PASSIVE INCOME |
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| TAX BASE, ILS(US$) | TAX RATE | |
| Up to 20,000,000 (US$ 13,245 ) | 4% | |
| 20,000,000 - 40,000,000 (US$ 26,490 ) | 6% | |
| 40,000,000 - 60,000,000 (US$ 39,735 ) | 8% | |
| 60,000,000 - 100,000,000 (US$ 66,225 ) | 11% | |
| Over 100,000,000 (US$ 66,225 ) | 14% | |
| Source: Global Property Guide | ||
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