Income tax on rent, worked example, in Saudi Arabia
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| Non-resident couple's income1 | ||||
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| = Taxable Income | - | - | - | |
| Income Tax Rates3 | ||||
| Flat rate | - | - | - | |
| Annual Income Tax Due | US$0 | US$0 | US$0 | |
| Tax Due as % of Gross Income | nil | nil | nil | |
Source: |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 3.75 SAR
3 No tax is imposed on rental income.
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