Effective 2 September 2026, the tax authority announced that residential subleasing operators (pack‑lease businesses) who re‑rent residential units to individuals for residence must issue two‑copy taxable uniform invoices based on the net balance of rental income minus rental expenses. The measure clarifies the taxable turnover calculation for subleasing activities under the Business Tax Act, ensuring that only the value‑added portion is subject to tax.
Key Takeaways
- Net‑Balance Taxation: Taxable turnover equals rental income received from sub‑tenants less rent paid to the original landlord.
- Two‑Copy Invoice Requirement: Operators must issue two‑copy uniform invoices to sub‑tenants, facilitating tax administration.
- Filing Deadline: Business tax returns must include these transactions in the prescribed reporting period.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement