GK
BASIC GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The country without income tax is
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Nepal
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Kuwait
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Burma
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Singapore
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Explanation:
Detailed explanation-1: -Kuwait is a tax-free country with no income tax, making it an attractive destination for ex-pats and businesses.
Detailed explanation-2: -Another Middle East nation that thrives on being tax-free is Kuwait. Generating revenue through natural resources like oil, Kuwait promises tax-free personal income to everyone irrespective of the nationality.
Detailed explanation-3: -Qatar operates a territorial taxation system, which means an individual is taxable in Qatar if one has generated qualifying Qatar-source income, regardless of one’s tax residence. Income tax is not imposed on employed individuals’ salaries, wages, and allowances.
There is 1 question to complete.