Income tax on rent, worked example, in Colombia
Taxation Researcher | July 25, 2019
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 USD = 2895.00 COP
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 33%.