Rental for public institutions

Withholding tax

A public institution that rents a property deducts withholding tax from the rent (35% or reduced according to approval).

Reporting

The lessor reports the rental income in the annual report and receives a credit for the tax deducted at source.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.