Tax Free Countries: Such countries of the world where the government does not charge even a single penny of tax from the public – News India Live

Interim Budget 2024: Finance Minister Nirmala Sitharaman today presented the final and interim budget of the Modi government before the Lok Sabha elections. Income tax received from the public is the main source of revenue for the government of any country. Be it an employee or a businessman, everyone has to pay income tax. But there are some countries where no tax is imposed by the government. Know about those countries which are completely tax free.

United Arab Emirates (UAE)

UAE is also a tax free country. Crude oil is traded here and the entire economy is dependent on it. People do not have to pay taxes there.


When it comes to tax free countries, the first name that comes to mind is Bahamas. This country, which is called a paradise for tourists, is located in the Western Hemisphere. The people of this country do not have to pay any tax to the government on their income.


There are also oil reserves in Brunei, people living here do not have to pay any kind of tax. Apart from this, people living in the Cayman Islands, part of the Caribbean region of the North American continent, do not have to pay income tax on their income.


Like UAE, Kuwait also has natural reserves of oil and gas. This country also earns good income from both the things and the people here benefit from it. This is the reason why the people of this country do not have to pay income tax.


Even the people of Maldives, which border India, do not have to pay income tax. People from all over the world come to visit here. Recently, Indian tourists boycotted Maldives for commenting against PM Modi.

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