Tax Example on Rental Income

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Non-resident couple´s rental income(1)
Monthly Rental Income(2) 1,500 6,000 12,000
Annual Rental Income 18,000 72,000 144,000
Less Expenses(3) (1,000) (3,000) (6,000)
= Taxable Income 17,000 60,000 138,000
Income Tax(4) Flat Rate 28% 4,760 19,320 38,640
Annual Income Tax Due 4,760 19,320 38,640
Tax Due as % of Gross Income 26.44% 26.83% 26.83%

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 May 26, 2016.


(1) The property is jointly owned by husband and wife

(2) Exchange rate used: 1.00 EUR = 1.00 EUR

(3) Estimated values. Income-generating expenses are deductible when calculating taxable income.

(4) Rental income earned by nonresident individuals is taxed at a flat rate of 28%.

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