Income tax on rent, worked example, in Slovenia
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| NON-RESIDENT COUPLE FILING SEPARATELY (TAKING STANDARD DEDUCTIONS) | ||||
| Non-resident couple´s rental income1 | ||||
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Expenses (10%)3 | 1,800 | 7,200 | 14,400 | |
| = Taxable Income | 16,200 | 64,800 | 129,600 | |
| Income Tax4 | ||||
| Flat rate | 25% | 4,050 | 16,200 | 32,400 |
| Annual Income Tax Due | 4,050 | 16,200 | 32,400 | |
| Tax Due as % of Gross Income | 22.50% | 22.50% | 22.50% | |
| Source: Global Property Guide |
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Notes
1 The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Exchange rate used: 1.00 EUR = 1.00 EUR
3 A standard deduction of 10% of gross income is allotted for income-generating expenses. Instead of using the standard deduction option, taxpayers can opt to itemize their income-generating expenses but supporting documents must be presented.
4 Nonresident foreigners´ rental income is taxed at a flat rate of 25%.