Maldives Takes NO Personal Income Tax While Japan Takes 51 Percent from the Richest

Tuesday, January 24, 2017

Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. In general, a person liable to PIT has to compute his tax liability, file tax return and pay tax, if any, accordingly on a calendar year basis.

Personal Income Tax Rate:
  • Japan: 51% 
  • France: 50.3% 
  • Germany: 47.5% 
  • UK: 45% 
  • China: 45% 
  • US: 39.6% 
  • Turkey: 35% 
  • India: 34% 
  • Russia: 13% 
  • Maldives: 00%
In Maldives, the Tax Regime is deliberately kept incomplete by individual businessmen and the rich in the Parliament. Maldives takes no personal income tax.
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