In these countries of the world, no tax is taken from the citizens, the entire income comes into the account. - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Wednesday, September 6, 2023

In these countries of the world, no tax is taken from the citizens, the entire income comes into the account.


In India, people have to pay income tax according to their income. If someone does not pay income tax, then he is a criminal in the eyes of the government. The Income Tax Department can take action on this. But there are many countries in the world, where people are not taxed.

In India, income tax has to be paid on doing job, business or any kind of professional business. With the income tax money, the government does development work in the interest of the people and the country. Because the income of the government comes from income tax only. This is the biggest source of income for the government treasury. The special thing is that everyone pays income tax according to their income. Some pay less tax, some pay more. But there are many countries in the world where people do not have to pay tax. That is, the government does not take tax from the people of its country. The entire income of the people of these countries comes in their hands. So let's know about these countries.

Oman: Oman is a rich country. There is a lot of gas and oil reserves here. This earns the government here. Citizens are not taxed here

Brunei: Brunei is an Islamic country. It falls in South East Asia. There is also a huge reserve of oil here. The special thing is that like Oman, people in Brunei also do not have to pay income tax.

The Bahamas: The Bahamas is famous all over the world for being a tax free country. There is no reserve of natural fuel here like in Oman. Here the government's income is from tourism. It is called the heaven of the earth. The citizens of this country also do not have to pay income tax fine.

United Arab Emirates: United Arab Emirates is also known as UAE. There is a huge reserve of crude oil here. Oil is traded worldwide from the UAE. The economic condition of this place rests on this oil only. UAE also does not take tax from its citizens.

Bahrain: Bahrain is also counted among the rich countries. Here citizens have to pay any kind of tax on their earnings. That means the government does not collect taxes from the general public here.

Kuwait: Kuwait is famous all over the world for oil and gas reserves. This country earns from oil and gas only. In such a situation, tax is not taken from the citizens here.

Qatar: Similarly, Qatar also has oil reserves. The government of Qatar also does not collect taxes from the people of its country. Similarly, in Maldives, Nauru, Somalia and Monaco also, people do not have to pay income tax.

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