Tax rates for rental income in CR

[Mark Cook]

What tax rates does an owner pay to CR government on income earn from renting home?

[JASON HOLLAND]

Hi Mark,

With a rental home, the best practice is to own it in the name of a corporation instead of your individual name because it limits liability. In that case you pay an annual corporate tax at the following rates:

$0 – $97,000 in income – 10%
$97,000 – $195,000 – 20%
$195,000+ – 30%

If you have a vacation rental, then you also have to collect a 13% sales tax from each guest and send that to the CR government as well.

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