UAE: In the United Arab Emirates (UAE), no personal tax of any kind is levied on the public. The government here only collects indirect taxes. The economy here runs on oil and tourism.
Bahrain: In Bahrain too, no tax is levied on the people of the country. The government here also depends on indirect taxes. This gives a lot of momentum to the economy, because the income of the people increases.
Kuwait: The government here also gives relief to the people by giving them tax-free taxes. There is no personal income tax here. The country’s income comes from the sale of oil. Despite being a tax-free country, Kuwait has emerged as a very big economy.
Saudi Arabia: People do not have to pay income tax in Saudi Arabia either. Direct tax has been abolished here. This means that people in this country also do not have to spend even a single part of their income as tax.
The Bahamas: The Bahamas country falls in the Western Hemisphere. The special thing about this country is that the citizens living here do not have to pay income tax. This gives a lot of relief to the people living here.
Brunei: The Islamic Kingdom of Brunei is a country located in South East Asia. There are huge oil reserves here too. Here too the citizens do not have to pay any kind of income tax.
Cayman Islands: This country is located in the Caribbean region of the North American continent. It is a very attractive country for tourists. No one needs to pay income tax in this country.
Oman: People do not have to pay income tax in the Gulf country Oman. The citizens of Oman spend their money on themselves. Oman is considered strong because of oil and gas.
Qatar: Qatar is also considered very strong because of its business. This country is certainly small, but the people here are very rich. Here also, income tax is not collected from the citizens.
Monaco: Monaco is a country in Europe, it is very small. Despite this, income tax is never collected from the citizens here.
Published at : 23 Jul 2024 12:42 PM (IST)