How to calculate rent tax:
Monthly rent is 100 million rials, mortgage amount is 3000 million rials
100,000,000 × 12 = 1,200,000,000
Annual rent
1,200,000,000 × 75% = 900,000,000
Taxable
If he is the real owner, according to the table in Article 131, it is calculated that the first step is 15%, the second step is 20%, and the third step is 25%.
First step up to 500,000,000 Rials
The second step is from 500,000,001 Rials to 1,000,000,000 Rials
The third step is more than 1,000,000,001 Rials
500,000,000 × 15% = 75,000,000
First step tax
900,000,000 – 500,000,000 = 400,000,000
Subject to second step tax
400,000,000 × 20% = 80,000,000
Second step tax
75,000,000 + 80,000,000 = 155,000,000
Annual tax
155,000,000 ÷ 12 = 12,916,667
Monthly tax
If the legal owner is a 25% deduction
900,000,000 × 25% = 225,000,000
Annual tax
225,000,000 ÷ 12 = 18,750,000
Monthly tax
Accounting document:
Tenant offices
Rental fee (bad) 100,000,000
H payable/owner (just) 81,250,000
Payable amount/tax affairs organization (BAS) 18,750,000
Owner’s offices
H receivable/tenant (bad) 81,250,000
Accounts Receivable/Tax Affairs Organization (Bad) 18,750,000
Rental income/property name (BS) 100,000,000
The tenant has no duty to calculate and deduct taxes regarding the mortgage.
To pay rent tax, with the name and national number or economic number of the owner and your own name and economic number, you go to your tax office and receive the rent tax bill and pay it through the POS machine available in the area.
The deadline for paying rent tax based on Article 53 of the Civil Code is from the time of rent payment until the end of the next month, for example, if your payment date is 02/31, the tax payment deadline is 03/31, but if the payment is 04/01, the deadline is 05/31.
Calculate your rent tax very easily using this file.
(file code 2244396)
@phesab_ir
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This post is written by AccPooya