Today is the deadline for filing rental tax returns

According to Tejarat News, the latest details Tax declaration Read about the rent.

Quoted from ISNAThe taxable income of properties that are rented out is the total rental property, both cash and non-cash, after deducting 25% for expenses and depreciation and the owner’s obligations towards the rental item; Therefore, 75% of real estate rental income is taxable and 25% is tax-free.

Also, the property whose rental income is subject to rent tax can be residential, office or commercial property. Of course, the use of the property, including it, is unaffected by the laws related to property rental income tax, and this tax is only applied to the rental amount.

It should be noted that tax on rental income is related to property owners and has nothing to do with tenants.

In the meantime, according to the announcement of the Tax Affairs Organization, all persons who have leased their property or properties and have income from it, are subject to tax and are required to refer to the my.tax.gov.ir system by the end of today and submit Tax declaration Proceed with the rental income of their 1400 performance properties.

Every eligible taxpayer must submit a declaration for all the rented properties in the entire country in the electronic declaration of real estate rental income. You can refer to this link and read the relevant report to learn about the declaration registration process.

In addition, legal entities should also refer to the national portal of the country’s tax services by the end of today statement present themselves to benefit from any type of facilities and other tax exemptions.

Also, rental property income owners and legal entities should know that they will be subject to legal penalties if they do not pay taxes or submit tax declarations within the set deadline.