The Ministry of Taxes and Duties has explained the specifics of paying income tax by individuals when renting out residential premises.
The department provided the relevant information on its official Telegram channel.
Please note: the tax must be paid by the owner of the residential premises who receives income from renting it out.
It is separately noted that payment must be made regardless of whether there is a residential rental agreement or not.
For the first month, payment must be made no later than the working day following the day of renting out the residential premises.
For subsequent months – no later than the first working day of the month.
The landlord calculates and pays such tax at the established rates (they can be found in Appendix 2 to the Tax Code).
Important: rates are set for each room rented.
If the property is not rented for the entire month, the tax will be paid proportionally to the number of days of rent.
An owner who rents out premises to young professionals or young workers is exempt from paying the tax, but he must provide supporting documents to do so.
