Countries where no personal tax is levied

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New Delhi (Monitoring Desk) There are many countries, including Pakistan, that tax their people by levying new taxes. It is. The list of such places is given below: 

Bahrain 

Bahrain is an oil-rich country where citizens have no income or corporate taxes. Citizens, however, have to make social security contributions and pay 6 to 9 percent of the basic salary.

brunei 

There is no income tax for citizens of Brunei. In addition, sales tax and value added tax are not charged. However, citizens pay 5% of salary to a state insurance fund. 

Bermuda

It is a UK-governed country whose economy depends on financial services companies. There is no corporate or income tax in this country. 

Monaco 

Monaco is known for tax exemptions where citizens are not charged personal income tax. A foreigner who resides in Monaco for 6 months obtains Monegasque citizenship and then also benefits from the income tax exemption. 

Oman 

Oman's tax laws are very simple. No tax is levied on the personal income of citizens and foreigners in the country. 

Qatar 

Citizens of Qatar receive modern infrastructure and tax exemptions. However, citizens of some countries residing in Qatar will be taxed under the tax laws of their home countries. 

Saudi Arabia 

Saudi Arabia is one of the largest oil producing countries in the world. There is also no personal income tax for Saudi citizens, but money is collected from citizens for social security purposes.

Kuwait

Kuwait owns 6% of the world's oil reserves. Therefore, its economy is entirely dependent on oil production. 90% of the country's income comes from oil. That's why this country is tax-free. 

Bahamas 

The economy of the Bahamas depends on tourism and offshore banking. There is no income or corporation tax. 

Cayman Islands 

The Cayman Islands are another popular offshore financial center. It is also managed by the UK. Residents are also not charged income tax or any other direct taxes. 

United Arab Emirates 

The United Arab Emirates is one of the countries with the highest per capita income in the world. Even for the citizens of this country, no personal income tax has been levied by the government.

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