However, not all states require taxes from the people, especially the personal income tax as the income tax. KPMG survey results of the 96 countries, there are at least eight states that do not cite the income tax from its citizens.
Some of which had previously been known as a tax-free state, while others have managed to exploit its natural resources to fund government spending without having to burden the citizens.
These are income tax-free state:
Uni Arab Emirate
United Arab Emirates (UAE) is included as the country with the highest per capita incomes in the world with U.S. $ 48,200, and does not impose an income tax. Country's third largest oil exporter in the world, depending on taxes imposed on oil companies pay corporate tax to 55%.
In addition to taxing oil companies, foreign banks, UAE also imposes a tax of 20%. Currently, 80% of state tax revenues from the oil sector. In addition to taxes, other revenues from which accounted for 12% of total revenues.
Qatar
Qatar known as the giant gas-producing countries. According to the Forbes report, the country has become the world's richest nation this year with a GDP per capita of more than U.S. $ 88,000. Qatar currently rely on natural gas resources become the main source of income of the country.
The country is not to tax income, dividends, royalties, and profits from the property. Qatar living his gas supply which is the third largest source of the world. However, residents still 5% tax charged for the cost of security, while the company pays 10%.
Oman
Just like many of its neighbors in the Middle East, much of the income derived from the Oman crude oil. Last April, state revenues from crude oil rose 35% to a figure of U.S. $ 8.49 billion compared with the previous year.
Crude oil has sustained 71% of the total state budget. Although there is no personal income tax, the citizen should contribute 6.5% of revenue for social facilities and security.
Kuwait
As an oil exporter 6th largest in the world, the oil sector revenues reached U.S. $ 63.5 billion during April-November of last year. Oil sector funded 95% of the state budget.
Just like Oman, Kuwait citizens should set aside 7.5% of salary per month for social and security facilities, while the company had to pay 11%. Although it is one of the richest countries in the world, strikes and protests from labor sector a lot going on and causing the government to raise wages by 25%.
Cayman Island
The country is known as an offshore financial center, the Cayman Islands do not impose a personal income tax for residents. Cayman Island also does not apply the obligation to pay social facilities and security.
Even so, the company must provide a pension plan for its workers, including expatriates who have been working for nine months on the island. The country also does not impose a value added tax or government tax, but states have some provision indirect taxes, such as import duties that could reach 25%.
Bahrain
Without the personal income tax, depending on the Bahrain oil fields of Abu Safa, which is managed with Saudi Arabia. Tax revenues from the oil sustains 70% of the state budget. For security and social facilities, Bahrain citizens have to contribute 7% of the monthly salary, while expatriates only have to pay 1%.
Bermuda
Noted as one of the most prosperous countries in the world, Bermuda is also the country with the highest living costs in the world. Although not impose a personal income tax, the worker shall contribute 5.75% and 16% paid by the company to the government.
In addition, workers must pay U.S. $ 30.40 per week for social facilities and security costs (including insurance). Other applicable taxes, including property taxes that could reach 19%.
Bahamas
IN the richest country in the Caribbean, the Bahamas economy heavily dependent on tourism and offshore farms. 70% of state revenues derived from taxes of imports. Although there is no personal income tax, workers must pay 3.9% or a maximum of U.S. $ 26,000 per year for social facilities and security, known as National Insurance.
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