Feb 23, 2024, 04:37 PM IST
Personal income tax is a tax levied on the income earned by individuals, and its rates are set according to the tax rules of that country.
There is no income tax, property tax, or capital gains tax in the Cayman Islands.
The Bahamas does not impose any income tax, inheritance tax, or wealth tax.
Bahrain does not impose a personal income tax.
Bermuda does not impose an income tax, but rather, assesses a payroll tax on employers as per the Payroll Tax Act of 1995 (and as amended).
Brunei does not currently levy any income tax on individuals, and there is no sales tax or value-added tax (VAT).
Kuwait has no individual income tax.
There is no personal tax in Oman.
Qatar does not levy income tax on individuals' salaries, wages, or allowances.
There is no personal income tax in Saudi Arabia.
The UAE does not levy income tax on individuals.
Image: Pexels Source: World of StatisticsĀ