Is it true that four of the richest countries in the world; Bahrain, Brunei, Kuwait and Qatar, with some of the highest personal income have no tax at all?
#84187. Asked by armindasantana. (Aug 05 07 6:17 AM)
Countries with no personal income tax|
United Arab Emirates
"Bahrain has no taxes, whether individual or corporate tax. There are various services that you pay tariffs for, registration of a company, or a driver's license, but you will find these charges anywhere in the world. Other than that, there are no corporate or individual taxes. |
Brunei Darussalam has no personal income tax. There are no export, sales, payroll and manufacturing taxes.
In Kuwait there are personal income taxes, property, gift or inheritance taxes.
There is no personal taxation in Qatar.
All corporate entities are subject to taxation, but in practice only foreign companies are taxed.
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