Top 10 Countries with Zero Income Tax | Pakistan & Bangladesh Tax Less Than India!
There is zero income tax in many countries of the world. In many countries of the world, the tax rate is lower than India while in many countries it is higher. In 10 countries of the world, the income tax rate is zero. There is no tax on income in these countries.
Ankush Pandey
Highlights
- There is no income tax in 10 countries of the world
- Kuwait, Oman, Qatar, Saudi Arabia and UAE are included
- Income tax is less in Pakistan and Bangladesh than in India
In the recently presented budget, Modi government has made income up to Rs. 12 lakh tax free. But people earning more than this limit will have to pay a hefty income tax. The highest rate of income tax in the country is 39%. In many countries of the world, the tax rate is lower than India while in many countries it is higher. In 10 countries of the world, the income tax rate is zero. These include Cayman Islands, Bahamas, Bahrain, Bermuda, Brunei, Kuwait, Oman, Qatar, Saudi Arabia and UAE. There is no tax on income in these countries.
The highest rate of income tax is 7% in Guatemala whereas it is 10% in Kazakhstan, Romania and Serbia. The highest rate of tax is 12% in Uzbekistan, 13% in Russia, 18% in Ukraine, 20% in Mongolia, 22% in Syria, 23% in Czech Republic, 24% in Nigeria, 25% in Bangladesh, 27.5% in Brazil, 30% in Malaysia, 33% in Canada, 34% in Venezuela, 35% in Indonesia, Mexico and Pakistan and 37% in the US. Whereas in China it is more than India i.e. 45%.
Personal income tax rate:
— World of Statistics (@stats_feed) February 22, 2025
???????? Cayman Islands: 0%
???????? Bahamas: 0%
???????? Bahrain: 0%
???????? Bermuda: 0%
???????? Brunei: 0%
???????? Kuwait: 0%
???????? Oman: 0%
???????? Qatar: 0%
???????? Saudi Arabia: 0%
???????? UAE: 0%
???????? Guatemala: 7%
???????? Kazakhstan: 10%
???????? Romania: 10%
???????? Serbia: 10%
???????? Uzbekistan: 12%
???????? Russia: 13%…
Highest tax
Finland has the highest income tax in the world. The highest rate of income tax in this country is 57.65%. Japan is next. The highest rate of income tax in this country is 55.95%. It is 55.9% in Denmark, 55% in Austria, 52% in Sweden, 50% in Belgium and Israel, 49.5% in the Netherlands, 48% in Portugal, 47.4% in Norway, 47% in Spain, 46.28% in Iceland, 45% in the UK, South Korea, South Africa, Germany, France and Australia.
