Income tax on rent, worked example, in Panama

Taxation Researcher | January 10, 2017

Non-resident couple´s joint monthly rental income1 Monthly Rental Income2 1,500 6,000 12,000 Annual Rental Income 18,000 72,000 144,000 = Expenses3 25% 4,500 18,000 36,000 = Taxable Income 13,500 54,000 108,000 Income Tax4…

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Rental Income Tax Panama

Income tax on rent, worked example, in Panama