इन देशों में जनता से नहीं लिया जाता है एक भी रुपए टैक्स, फिर भी तेजी से दोड़ रही है इकोनॉमी; जानें कैसे

Finance Minister Nirmala Sitharaman will present the country’s general budget on February 1. Every year before the presentation of the budget, every class from poor to rich sets its expectations. Some want tax exemption, some want relief from inflation. Amidst all this, a question arises in the minds of common people that from where does the government get so much money to spend? In most countries the main income of the government comes from taxes. But there are some countries in the world where not a single rupee is taken as tax from common citizens. Do you know about such a country…

There are some countries in the world where not even a single penny is collected from common citizens in the name of personal income tax. Despite this their economy is strong and prosperous. Now questions might be arising in my mind that how does the government here manage the country’s economy? Before this, let us know in which countries not a single rupee is taken from the public.

UAE is one of the most popular tax-free countries in the world. There is no personal income tax here. The economy here is strengthened by oil exports, tourism, real estate and indirect taxes like 5% VAT. Cities like Dubai and Abu Dhabi have made the UAE a global economic hub by attracting foreign investment.

Even in Bahrain, citizens are not burdened with income tax. The government raises revenue from indirect taxes, duties and oil. Startups and small businesses are flourishing due to the tax-free environment, which has increased employment opportunities.

Kuwait’s economy also depends almost entirely on oil exports. Due to huge oil reserves, the government does not need to collect income tax from the citizens. This country remains a symbol of prosperity and stability.

These Gulf countries Qatar and Oman are also free from personal income tax. Due to huge revenues from the oil and gas sector, governments in these sparsely populated countries are easily able to carry out development work. Their economy is progressing rapidly.

Located in the Caribbean region, the Bahamas is dependent on tourism, foreign investment and custom duties. There is no personal income tax here either, which makes it popular among tourists and investors.

Saudi Arabia has also exempted its citizens from direct income tax. VAT and other indirect taxes are applicable here. Apart from oil, the economy is now being strengthened by promoting tourism and diversified investment.

Overall, these countries mainly depend on natural resources, tourism, foreign investment or indirect taxes. In such a situation, they are flourishing despite not taking personal tax from the public. Besides, their economy is also progressing rapidly.

Also read: Budget: Why did the 92 year old tradition of presenting the railway budget separately end?