Rental Income Taxation

Rental income is considered ordinary income and must be reported.

If you’re in a rental arrangement, you’re automatically obligated to pay withholding tax.

The withholding tax amount is typically 15% of the monthly rent.

The tenant deducts this amount from the payment and remits it to the relevant authorities.

Payment is due by the 20th of the following month.

The withholding tax obligation applies to property owners (individuals/families) and tenants (companies/organizations).

Declarations and payments can often be made online.

Beneficiaries must register for withholding tax liability at the Taxpayers Service office and obtain access to the electronic declaration system