About the Service
"Monthly Rental Income Return" is a service that involves the regular reporting and submission of rental income earned from properties on a monthly basis. Landlords or property owners who receive rental income from leasing out their properties are typically required to report this income to the tax authority. The monthly rental income return outlines the total rental income received during the reporting period, any allowable deductions, and calculates the taxable rental income. The service assists landlords in accurately recording their rental income, claiming relevant deductions such as maintenance expenses or mortgage interest, and preparing the necessary documentation for submission to the tax authority. It ensures compliance with tax regulations governing rental income and facilitates the timely reporting and payment of taxes.
Complete a monthly tax return online via iTax by declaring the gross rent and tax payable will be computed automatically at a rate of 10%.
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