Income tax on rent, worked example, in Kazakhstan
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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 | |
Less Expenses3 | 25% | 4,500 | 18,000 | 36,000 |
= Taxable Income | 13,500 | 54,000 | 108,00 | |
Income Tax 4 | ||||
Flat rate | 20% | 2,700 | 10,800 | 21,600 |
Annual Income Tax Due | 2,700 | 10,800 | 21,600 | |
Tax Due as % of Gross Income | 15.00% | 15.00% | 15.00% | |
Source: Global Property Guide research |
Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 349.00 KZT
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 20%.
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