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    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.