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Filing a rental income tax return need not give you sleepless nights; all you need to understand is that you have a choice between filing an annual tax return under the Pay As You Earn(PAYE) system or a monthly return under the Residential Rental Income Tax system (RRI). The PAYE system is best suited for a business that is either loss making/moderately profitable – with a rate of 30% on net income; while RRI is suited for a profit making/mature business – with a rate of 10% on gross income.

This means that the first thing one has to figure out is whether to apply the PAYE or RRI methods of filing tax returns. We will not only assist you determine the appropriate method for you but also assist you file the required return.

DETAILS / DOCUMENTS NEEDED:

  • Bio data (name, cell phone number and email address)
  • PIN
  • iTax password.

FILE RENTAL INCOME TAX RETURN

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