Hello Readers! Welcome back to Humor Nation. Living is just becoming expensive day by day and we have to pay a high price for everything we need these days and paying tax on everything is just another burden for us. Tax is payable on every commodity we use and we have and when we come to know that there are some countries where people don’t need to pay taxes, we feel like leaving our own country.
So today we’ll discuss about 10 countries which are tax free, isn’t it great? Being taxes free!
In Qatar people don’t pay tax on anything, they only have to pay tax on local business income and that income is also taxable at only 10%.
No tax is payable by the people of Oman on their personal revenues. Doesn’t that sound great?
Bahrain citizens only pay 3% tax on the value of their real estate property and 10% municipal tax to rent a residence. Rest everything is tax free in Bahrain.
Vanuatu is also a tax free country and if you want to grab a citizenship of this country, you can totally get it via donation. See it’s so easy!
5. Cayman Islands
This country is tax free for those whose annual income is $150,000 and $500,000 investment on any company or real estate.