Withholding Tax for Overseas Property: A Complete Guide

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If you decide to buy a property overseas, it’s important that you’re aware of the different mandatory taxes.

Most governments from all around the world tax your income in different forms. One of these taxes imposed on your income is called withholding tax.

If you’re an investor who is interested in buying property in other countries to generate income through rent or by selling for a higher price, you may have to pay withholding tax on your rental income or capital gain.

In this article, I explain all the essentials you need to know about Withholding tax.

What is Withholding tax?

Withholding tax, also known as retention tax, mostly applies to employment income for residents. For non-residents, it applies to income generated through rent or the sale of real estate. Continue reading Withholding Tax for Overseas Property: A Complete Guide