Let us check which are countries that do not have tax system but still these countries are worth to live.
1-United Arab Emirates
United Nations rich in oil reserves, United Arab Emirates is also one of the countries with the highest per capita income. There are a number of oil countries in the Middle East that have no income tax, and the UAE is considered one of the most attractive, with a relatively stable government and economy. United Nations rich in oil reserves, United Arab Emirates is also one of the countries with the highest per capita income.
There is no existence of income tax in countries of the world which have been enriched by the huge reserves of oil and minerals. No tax is imposed on the personal income of the people in Qatar, the world's richest country according to per capita income.
There is no tax on private income or capital in Oman, but here people have to contribute to social security benefits.
No tax is required for citizens of Saudi Arabia, the largest exporter of oil in the world, and no tax is imposed on the financial benefits of companies. Here, you have to pay for social security.
Even in Bahrain, citizens do not have to pay income tax. However, the citizens here have to submit 7 percent of their income to social security. There is a tax on income received from renting a house, as well as a tax on employment tax, stamp duty and real estate transfers.
You may also like to read our latest analysed news:
- Fake news promoted by Pakistan journalist Hamid Mir against India is shameful
- Did Rahul Gandhi go blank when asked about his experience at Kailash Mansarovar?
- SreeShanth is Using Mobile Phone in Biggboss House ?
- Did Modi Govt Chose Ambani For Rafale Deal, Prez Hollande
Note: If you like being among the first to know about latest news, trending hoaxes, fake news etc, consider giving us a like on facebook or follow us on twitter (@myayupp)