Income tax on rent, worked example, in Tunisia
| Non-resident couple's rental income1 | US$1,500 | US$6,000 | US$12,000 | |
| Annual Rental Income (2) | 18,000 | 72,000 | 144,000 | |
| Less Expenses (3) | (5,400) | (21,600) | (43,200) | |
| Less Real Estate Tax (4) | (360) | (1,440) | (2,880) | |
| = Taxable Income | US$12,240 | US$48,960 | US$97,920 | |
| Income Tax 4 | ||||
| Up to TND1,500 | nil | - | - | - |
| TND1,500 - TND5,000 | 15% | 525 | 525 | 525 |
| TND5,000 - TND10,000 | 20% | 1,000 | 1,000 | 1,000 |
| TND10,000 - TND20,000 | 25% | 560 | 2,500 | 2,500 |
| TND20,000 - TND50,000 | 30% | - | 8,688 | 9,000 |
| Over TND50,000 | 35% | - | - | 16,772 |
| Annual Income Tax Due | US$2,085 | US$12,713 | US$29,797 | |
| Tax Due as % of Gross Income | 11.58% | 17.66% | 20.69% | |
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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 August 23, 2016.
Notes
1 The property is jointly owned by husband and wife, but in Tunisia, married couples are taxed separately (50% upon each partner). So the calculated figures in the tax bands reflect the tax rates applied to their separate incomes, with the resulting calculated individual tax total multiplied by two (to reflect the total net income derived from the properties). So for instance, in the US$1,500 monthly income band, each spouse has an income of TND12,240, which falls within the TND10,000 - TND20,000 tax band, not into the TND20,000-TND50,000 band.
2 Exchange rate used: 1.00 US$ = 2 .00 TND
3 Estimated values.
4 Individuals are subject to progressive income tax rates in Tunisia.
5 Rental income earned by nonresident individuals is taxed at progressive rates.
INCOME TAX |
|
| TAXABALE INCOME, TND (US$) | |
| Up to 1,500 (US$ 750) | |
| 1,500 - 5,000 (US$2,500) | |
| 5,000 - 10,000 (US$5,000) | |
| 10,000 - 20,000 (US$10,000) | |
| 20,000 - 50,000 (US$25,000) | |
| Over 50,000 (US$25,000) | |