Countries with the lowest income tax

No personal income tax on salaries, dividends, interest or capital gains for individuals. Corporate tax can apply to individuals only if they run a business or business-like activity in the UAE with turnover above AED 1m a year.

No personal income tax, capital gains, inheritance or wealth tax. Payroll tax and social contributions apply to employers and employees on local employment, and stamp duty applies to property transactions.

No personal income tax. Residents pay VAT, import duties, real property tax and stamp duty on property transfers (2.5%–10%).

No personal income tax on salaries, dividends, interest or business income. Employees (including expats) pay social insurance (unemployment insurance 1% for employees).

No personal income tax, capital gains, inheritance or payroll taxes on residents. Revenue comes from import duties (typically 22%–27%), stamp duty on property (7.5%) and work permit fees.

No personal income tax or capital gains tax. Employees and employers pay payroll tax on remuneration (the main source of government revenue), and there is land tax and stamp duty.

No personal income tax, capital gains tax, wealth tax or inheritance tax. Government revenue comes from stamp duty (up to 12.5% for non-resident property buyers), property tax, GST, import duties and tourism taxes.

No personal income tax, no capital gains tax and no wealth or inheritance tax. Employers pay Vanuatu National Provident Fund contributions (about 8% employer and 4% employee) for local employees.

Most sources state personal income tax was abolished in 2016; some guides cite progressive rates for self-employed income (up to 25%), so confirm with the Inland Revenue Department. There is no capital gains tax (property transfer tax of 7.5% applies), wealth tax or inheritance tax.

No personal income tax today. Royal Decree 56/2025 introduces a 5% tax on annual income above OMR 42,000 from 1 January 2028; it is expected to affect roughly 1% of the population.

No personal income tax on salaries or investment income of individuals. Individuals with business, rental or professional income pay through the 10% corporate/partnership rules.

No personal income tax, capital gains tax, wealth tax or inheritance tax. Government revenue comes from VAT, property transfer tax, stamp duty and payroll-related levies.

No personal income tax on salaries, dividends, interest or capital gains. Citizens and permanent residents pay to the Employees Trust Fund and Supplemental Contributory Pension schemes.

No personal income tax, capital gains tax or inheritance tax. Government revenue comes from import duties (about 30%), accommodation tax, a 10% government tax on restaurants and stamp duty on property (up to 10%).

No personal income tax, no social-security tax for expatriates, and no wealth or inheritance tax. Kuwaiti nationals contribute to the Public Institution for Social Security.

No personal income tax on salaries or business income of individuals. Saudi nationals pay zakat; foreign individuals with Saudi business income are taxed through the business entity or at 20% as non-resident shareholders.

No personal income tax on residents, except French nationals who remain subject to French tax under the 1963 Franco-Monegasque convention. No wealth or inheritance tax for direct heirs.

Flat 10% on employment, business and most other income. Self-employed and employees also pay social and health contributions up to a monthly insurable income ceiling of about EUR 2,100.

Flat 10% personal income tax on salary and most other income, plus social contributions of about 27% on gross pay (largely employee-borne).

IRP at 8% or 10% on Paraguayan-source personal income from services and 10% above a threshold; foreign-source income is not taxed. Individuals are taxed only on Paraguay-source income.

Flat 10% on most income. Employees and freelancers also pay pension (CAS 25%) and health (CASS 10%) contributions, with thresholds linked to the minimum wage.

IRPF is 0% up to EUR 24,000, 5% from EUR 24,000 to EUR 40,000 and 10% above EUR 40,000. Tax residency requires 183 days per year.

A wage tax applies to individuals earning wages in the Marshall Islands: 8% on lower earnings and 12% above a threshold. There is no separate income tax on foreign-source income of non-resident entities, and no tax on overseas investment income for non-residents.

Residents pay 0% on monthly income up to about SCR 8,555 and 15% above that (confirm the current bands with the Seychelles Revenue Commission). Non-residents are generally taxed on Seychelles-source income only. Gainful Occupation Permit holders are residents for tax purposes after the qualifying stay.

Progressive personal income tax of 0%, 9% and 15% on monthly income bands since the 2022 Europe Now reform (0% on the lowest band, 15% above about EUR 1,000 a month), plus social contributions. Verify current bands with the Tax Administration.

Flat 15% PIT. Employees pay 18.5% social contributions and employers 13% social contribution tax. Dividends: 15% PIT, plus a social contribution on part of dividends for individuals (health contribution up to a cap).

10% flat tax on salary and most income, plus social contributions of roughly 35% on gross pay; an additional annual income tax of 10% above 3x and 15% above 6x the average annual salary applies to high earners.

Salaries tax is progressive from 2% to 17% on net chargeable income but capped at a standard rate of 15% on the first HK$5m of net income and 16% above that. Only Hong Kong-sourced employment income is taxed. Property tax and profits tax apply to rental and business income.

Flat 20% on employment and business income. Individual entrepreneurs with Small Business Status pay 1% of gross turnover up to GEL 500,000 (3% on the excess month onward; status is lost if the cap is exceeded two years in a row). Check rs.ge for 2026 changes to the special-regime rules.

Flat 20% personal income tax on employment income since 2023 (reduced rates apply to employees of qualifying high-tech companies), plus mandatory pension contributions of 5% to 10%.

Flat 20% income tax on taxable income after a personal allowance, with a tax cap for qualifying residents under the Higher Net Worth / Open Market regime.

Standard rate of 20% on taxable income after allowances; marginal relief can produce an effective marginal rate of up to 26% on lower incomes. Social security contributions are separate.

Progressive resident rates from 0% to 20% (20% on income above MUR 2m), with additional solidarity levy and fair share contribution on higher incomes. Residents are taxed on Mauritian income and on foreign income remitted to Mauritius. Premium Visa and Occupation Permit holders are taxed only on remitted foreign income.