Income tax on rent, worked example, in Taiwan
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| Non-resident couple´s rental income1 | ||||
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| = Taxable Income | 18,000 | 72,000 | 144,000 | |
| Income Tax3 | ||||
| Flat Rate | Unlock | Unlock | Unlock | Unlock |
| Annual Income Tax Due | Unlock | Unlock | Unlock | |
| Other Taxes3 | ||||
| VAT4 | Unlock | Unlock | Unlock | Unlock |
| Annual Income Tax Due | Unlock | Unlock | Unlock | |
| Tax Due as % of Gross Income | Unlock | Unlock | Unlock | |
| Source: Global Property Guide |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 32.00 TWD
3 Gross rental income earned by nonresidents is taxed at a flat rate of 20%.
4 Gross rental income is also subject to Value Added Tax (VAT), levied at a flat rate of 5%. Business Turnover Tax of 1% may be charged for small scale enterprises in lieu of VAT if rent is paid directly to an individual, not a company.
