Payment of 15% Tax on Rental Income
Article 31D of the Income tax Act (Cap 123)
Title
Building Entry Point Name
· This form is to be used by persons who are opting to pay tax at 15% on rental income from tenements.
· Where a person derives rental income from the letting of more than
one property, the 15% option has to be applied to the total rental income received.
Information provided in this form is in respect of basis year
1
Address or other description of property Gross rent received
Gross rent
received
2
Address or other description of property Gross rent received
Gross rent
received
3
Address or other description of property Gross rent received
Gross rent
received
4
Address or other description of property Gross rent received
Gross rent
received
5
Address or other description of property Gross rent received
Gross rent
received
6
Address or other description of property Gross rent received
Gross rent
received
7
Address or other description of property Gross rent received
Gross rent
received
8
Address or other description of property Gross rent received
Gross rent
received
Gross Rental Income subject to tax at 15%
Total tax - 15% of Gross Rental Income
The tax is final and no set-off or refund can be claimed as a result of this tax. Taxpayers, with the exception of companies, should not declare this income in their tax return.
Payment is to be made by not later than the 30th June of the year following
the relevant year.
Declaration to be signed by person opting to pay 15% tax on gross rental income.
I declare that the information given above is true and correct. In particular, I confirm that the gross rental income declared above represents the full amount received for the relevant year.
Please sign with your mouse or finger above