Fifteen countries in the world that do not have to pay income tax

Economy is one of the
most powerful subjects in the world. There are various aspects of income of a
country, one of them is income tax. So almost every country in the world has
income tax. But there are many countries in this world that do not have income
tax even today. So, what kind of tax system is there, we will know these now.
The top Fifteen countries in the world with no income tax are:

1) Saudi Arabia: Only social security and business profits are taxed in this
country.

2) Qatar: In this country you have to pay tax for social security.

3) Oman: Social security tax is payable in Oman.

4) United Arab Emirates:
30% of GDP comes from oil and gas exports. There is
no income tax here.

5) Bahamas: The economy of this country is mainly dependent on tourism. Here
has the property tax and 70 percent of this country's revenue comes from
imported products.

6) Cayman Islands: Personal
income and capital gains are not taxed in this country. Also paying security
tax is not mandatory in this country. 25 percent of the revenue here comes from
imported goods.

7) Kuwait: In Kuwait only citizens have to pay social security tax.

8) Brunei: Here too there is only social security tax.

9) Bahrain: Citizens pay 7 percent of their income and expatriates pay 1
percent of their income as social security tax.

10) Bermuda: Citizens of this country have to pay payroll tax, social
security tax and property tax.

11) British Virgin
Islands:

The British Virgin
Islands is a tax-free country with no income tax, corporate tax, or capital
gains tax. The country is known for its beautiful beaches and
crystal-clear waters.

12) Panama:

Panama has a
territorial tax system, which means that income earned outside of Panama is not
subject to taxation.

13) Monaco:

A sovereign city-state
on the French Riviera that has no income tax for
residents and businesses.

14) Saint Kitts and
Nevis:

Saint Kitts and Nevis
is a small island nation in the Caribbean known for its beautiful beaches and
tropical climate. The country has no personal income tax, capital gains tax, or
inheritance tax.

15) Vanuatu:

Vanuatu is an
archipelago of islands in the South Pacific that is known for its stunning
natural beauty and unique culture. The country has no personal income tax,
capital gains tax, or inheritance tax.