Income tax on rent, worked example, in Ukraine
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| Non-resident couple's joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Non-resident couple's joint monthly rental income1 | €1,500 | €6,000 | €12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| = Taxable Income | 18,000 | 72,000 | 144,000 | |
| Income Tax2 | ||||
| Flat rate | 18% | 3,240 | 12,960 | 25,920 |
| Annual Income Tax Due | 3,240 | 12,960 | 25,920 | |
| Tax Due as % of Gross Income | 18.00% | 18.00% | 18.00% | |
| Source: Global Property Guide research |
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DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on September 6, 2016.
Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 25.00 UAH
3 Nonresident foreigners' gross rental income is taxed at a flat rate of 18%.
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