10 Countries With No Income Tax

Zee Media Bureau
Jul 27, 2023

Cayman Islands

The land is known for its business-friendly environment and has no income tax.

Monaco

The place has no income tax for businesses and residents.

United Arab Emirates

The Middle Eastern nation has no income tax for corporations or individuals.

Bahrain

The nation known for its oil wealth has no income tax, however, businesses have a 1% interest rate on their profits.

Brunei

The country has no income or capital gain tax, but businesses have to pay 18.5% on profits.

Saudi Arabia

One of the major oil producers in the world has no income tax on people or corporations.

Oman

Similar to Saudi Arabia, Oman doesn't impose any income tax on individuals and corporations.

British Virgin Islands

The place has no income, corporate, or capital gain tax.

Kuwait

It is one of the tax-free countries with no income tax.

Panama

The country follows a territorial tax system, meaning money earned outside Panama is not subjected to taxes.

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