13 countries in the world do not have to pay income tax!

The Dhaka Times Desk We know that income tax has to be paid once the income exceeds a certain limit. Income tax has strict rules from individual level to corporate level. However, 13 countries in the world do not have to pay income tax!

Many companies employ their own income tax lawyers. In case of income tax evasion, many people have to go to jail for prosecution and punishment. But there are 13 countries in the world, where no income tax has to be paid. It also includes 7 countries in the Middle East.

Not only our country, but also many big countries of the world have strict rules of income tax. Sometimes it can be seen in the newspapers that football stars Messi, Ronaldo, Neymar have to stand in court for hiding their income. Even the citizens of rich economies like America, China, Russia and England have to pay income tax. These countries have the strictest punishment for not paying income tax.

A few days ago, the Panama Papers released a list, where the names of famous people from various walks of life came to light due to income tax evasion. However, according to statistics obtained from KPMG out of 150 countries, the following 13 countries do not pay any income tax. The countries are - Anguilla, Antigua and Barbuda, Bahamas, Bahrain, Bermuda, Brunei Darussalam, Cayman Islands, Kuwait, Qatar, Oman, Saint Kitts and Nevis, Saudi Arabia and United Arab Emirates.

However, there are several countries where income tax is much higher. According to figures from KPMG, Sweden has the highest rate of income tax, with 57.2 percent. Then there is Denmark, which has an income tax of 55.9 percent.

In addition, 55 percent income tax has to be paid in Austria, 53.60 percent in Finland, 51.60 percent in the Netherlands, 52 percent in Aruba and 50 percent income tax for citizens of Israel and Slovenia, on the other hand.

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