5 Countries with No Income Taxes in the World

In this article, we will look at 5 countries with no income taxes in the world. If you want to read our detailed analysis, head straight to 5 Countries with No Income Taxes in the World.

5. Brunei

Personal Income Tax Rate: 0%

GDP Per Capita: $76,860

Brunei has zero personal tax and charges a 19% corporate income tax. Brunei has a GDP per capita of $76,860 and ranks fifth among the countries with no income taxes in the world.

4. United Arab Emirates

Personal Income Tax Rate: 0%

GDP Per Capita: $92,950

The United Arab Emirates is one of the most developed economies in the region having a GDP per capita of $92,950. The United Arab Emirates has zero personal income tax and charges a 9% tax on corporate income. The United Arab Emirates is one of the countries with no income taxes in the world.

3. Cayman Islands

Personal Income Tax Rate: 0%

GDP Per Capita: $99,624

The Cayman Islands is a British Overseas Territory that comprises three islands in the western Caribbean Sea. The Cayman Islands has zero personal and corporate income tax. With a GDP per capita of $99,624, the Cayman Islands ranks third among the countries with no income taxes in the world.

2. Qatar

Personal Income Tax Rate: 0%

GDP Per Capita: $118,150

Qatar is one of the richest countries in the world with a GDP per capita of $118,150 and has zero personal income tax.

1. Bermuda

Personal Income Tax Rate: 0%

GDP Per Capita: $118,774

Bermuda has zero personal and corporate income tax. Bermuda has a GDP per capita of $118,774 and ranks first among the countries with no income taxes in the world.

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