Winning Bizness Desk

Mumbai. There are income tax, toll tax, road tax, fuel tax and many more taxes. These taxes are a huge burden on the people. A large portion of people's income is spent on taxes. But did you know that there are some countries in the world where taxes are not required. The citizens there have been freed from this burden. In today's era tax has become the most important part of any common man's life. Everything you do from the beginning of the day till the night, is also a part of tax. However, there are some countries where citizens do not have to pay taxes. Some countries exempt citizens from taxation.

Salary is not taxed in Saudi Arabia

Now the name of the country we are going to tell you about is Saudi Arabia. Here employees do not have to pay any tax on salary. But if you are self-employed, you will have to pay 20 percent tax. This rule also applies to immigrants.

Bermuda

According to a World Bank report, the population of Bermuda as of 2021 was only 63,000. Nobody has to pay income tax in this small country located in the North Atlantic Ocean.

Brunei

No personal income tax is payable in Brunei Darussalam.

There is no income tax in Oman

Oman is an oil producing country. No one has to pay taxes in this Muslim populated country. There is no tax on the income of any individual in Oman. This country is also included in the category of tax haven countries.

Kuwaiti citizens are exempt from income tax

Located in the Middle East of Oman, Kuwait is known as a tax-free country. According to the tax law here, every citizen is exempted from income tax. Contributing to social security is mandatory not only for government and private employees but also for every citizen.

There is no tax payable in the Cayman Islands

Now we are going to tell you about one such country. Where no one has to pay personal tax. Social Security does not have to be funded. The Cayman Islands is a British territory located in the Caribbean region of the North American continent. According to the National Pension Act here, every employer has to operate a pension scheme for his employees, including expatriates who have been working here continuously for nine months.

Companies bear the tax burden of employees in Bahrain

Bahrain is a country where employed people do not have to pay income tax. However, social insurance and employment tax are definitely charged. Bahraini citizens are required to pay a social insurance tax of seven percent of their gross income. In Bahrain, employers must collect social security tax for their employees at a rate of 12 percent.