Income tax on rent, worked example, in Vanuatu
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| Non-resident couple's rental income1 | US$1,500 | US$6,000 | US$12,000 | |
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| LessExpenses3 (25%) | 25% | 4,500) | (18,000) | (36,000) |
| = Taxable Income | 13,500 | 54,000 | 108,000 | |
| Income Tax4 | ||||
| Up to VUV200,000 | 0% | - | - | - |
| Over VUV200,000 | 12.50% | 1,470 | 6,533 | 13,283 |
| Annual Income Tax Due | 1,470 | 6,533 | 13,283 | |
| Tax Due as % of Gross Income | 8.17% | 9.07% | 9.22% | |
| Thanks to: Barret and Partners |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 115.00 VUV
3 Estimated values. Costs include VAT (12.5%), municipality rates (8%), insurance (3%), repairs and maintenance (5%), and realtor's letting fees (7%).
4 Rent tax is levied at a flat rate of 12.5%.
