5 Countries Without Income Taxes

In this article, we take a look at the 5 countries without income taxes. For more such countries, go to 23 Countries Without Income Taxes.

5. The British Virgin Islands

This Caribbean country generates its main source of revenue from tourism. Almost half of the total government revenue comes from tourism. The country’s capital city is Road Town, and English is the official language. The US dollar is the official currency of this country. The rich historical tradition and heritage have been the main source of attraction for tourists across the globe.

4. Saint Kitts and Nevis

These are twin islands located in the Caribbean. These have their main source of revenue in tourism. The country has a high GDP-to-debt ratio and has no income tax rates in place. Instead, the government generates revenue from other sources like citizenship by investment programs, fishing, and tourism.

3. Saint Barthélémy

It is a French overseas collectivity which heavily relies on tourism for its economy. The island has a small population. Its high-end resorts and beautiful beaches have attracted people from all around the globe.

2. Vatican City

Vatican city is a 121-acre walled city located within Rome. It is the smallest city-state in the world and is governed by the Pope. The main source of revenue is the selling of tourist mementos and souvenirs. Because of the spiritual nature of administration, no income tax is imposed. However, any forms of voluntary contributions are welcomed.

1. Anguilla

This beautiful British overseas territory in Eastern Caribbean also has no income tax. This zero percent tax rate applies to both residents and non-residents. The crime rate is generally low. The heavenly landscapes, attractive taxation policy, and safety make it an appealing destination.

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