Aug 26, 2024
🤑 These Places Have No Personal Income Tax Requirements
What We’re Showing
This graphic lists the countries which have no income taxes, per data from Trading Economics, KPMG, and World Population Review. Data accessed on June 2024.
Key Takeaways
- Small island nations in the Caribbean and the Pacific, along with several Middle Eastern countries, do not tax their citizens on personal income. Usually these countries meet their revenue requirement from other industries like oil or tourism, or by becoming an offshore wealth center
- North Korea officially abolished taxes in 1974, but per NKnews, citizens can be “forced to offer labor free of charge” to the government