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20 countries with lowest tax rates!

Last updated on: December 1, 2011 10:33 IST

20 countries with lowest tax rates!

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In the words of Oliver Wendell Holmes, US Supreme Court of Justice in 1904, "Taxes are what we pay for a civilized society."

Governments need sustainable funding for social programmes and public investments to promote economic growth and development.

Programmes providing health, education, infrastructure and other amenities are important to achieve a common goal of a prosperous, functional and orderly society.

Those programmes require governments to raise revenue.

Let us take a look at 20 countries with lowest tax rates, based on PricewaterhouseCoopers study.

NOTE: The total tax rate measures the burden of all the taxes that a company must pay in relation to its commercial profit. Thus all kinds of taxes that impose a cost on the firm are considered.

The overall ranking is a simple average of the percentile rankings of each of the sub-indicators.

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Image: Social programmes require governments to raise revenue.
Photographs: sowellians.wordpress.com
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Timor-Leste

Total tax rate: 0.2 per cent

Profit tax: 0.0 per cent

Labour tax: 0.0 per cent

Other taxes: 0.2 per cent

Total tax rate rank: 1

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Image: Dili, Timor-Leste.
Photographs: Courtesy, Wikipedia Commons
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Vanuatu

Total tax rate: 8.4 per cent

Profit tax: 0.0 per cent

Labour tax: 4.5 per cent

Other taxes: 3.9 per cent

Total tax rate rank: 2

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Image: Port Vila, Vanuatu.
Photographs: Courtesy, Wikipedia Commons
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Maldives

Total tax rate: 9.3 per cent

Profit tax: 0.0 per cent

Labour tax: 0.0 per cent

Other taxes: 9.3 per cent

Total tax rate rank: 3

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Image: Male, Maldives.
Photographs: Courtesy, Wikipedia Commons
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20 countries with lowest tax rates!

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Macedonia

Total tax rate: 9.7 per cent

Profit tax: 6.3 per cent

Labour tax: 0.0 per cent

Other taxes: 3.4 per cent

Total tax rate rank: 4

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Image: Skopje, Macedonia.
Photographs: Courtesy, Wikipedia Commons
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Namibia

Total tax rate: 9.8 per cent

Profit tax: 4.0 per cent

Labour tax: 1.0 per cent

Other taxes: 4.8 per cent

Total tax rate rank: 5

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Image: Windhoek, Namibia.
Photographs: Courtesy, Wikipedia Commons
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Qatar

Total tax rate: 11.3 per cent

Profit tax: 0.0 per cent

Labour tax: 11.3 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 6

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Image: Doha, Qatar.
Photographs: Courtesy, Wikipedia Commons
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The UAE

Total tax rate: 14.1 per cent

Profit tax: 0.0 per cent

Labour tax: 14.1 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 7

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Image: Dubai, UAE.
Photographs: Courtesy, Wikipedia Commons
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Zambia

Total tax rate: 14.5 per cent

Profit tax: 1.5 per cent

Labour tax: 10.4 per cent

Other taxes: 2.6 per cent

Total tax rate rank: 8

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Image: Lusaka, Zambia.
Photographs: Courtesy, Wikipedia Commons
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Saudi Arabia

Total tax rate: 14.5 per cent

Profit tax: 2.1 per cent

Labour tax: 12.4 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 9

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Image: Riyadh, Saudi Arabia.
Photographs: Courtesy, Wikipedia Commons
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Bahrain

Total tax rate: 15.0 per cent

Profit tax: 0.0 per cent

Labour tax: 14.6 per cent

Other taxes: 0.4 per cent

Total tax rate rank: 10

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Image: Manama, Bahrain.
Photographs: Courtesy, Wikipedia Commons
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Kosovo

Total tax rate: 15.4 per cent

Profit tax: 9.2 per cent

Labour tax: 5.6 per cent

Other taxes: 0.6 per cent

Total tax rate rank: 11

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Image: Pristina, Kosovo.
Photographs: Courtesy, Wikipedia Commons
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Kuwait

Total tax rate: 15.5 per cent

Profit tax: 4.8 per cent

Labour tax: 10.7 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 12

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Image: Kuwait City, Kuwait.
Photographs: Courtesy, Wikipedia Commons
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Lesotho

Total tax rate: 16.0 per cent

Profit tax: 13.0 per cent

Labour tax: 0.0 per cent

Other taxes: 3.0 per cent

Total tax rate rank: 13

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Image: Maseru, Lesotho.
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Georgia

Total tax rate: 16.5 per cent

Profit tax: 14.3 per cent

Labour tax: 0.0 per cent

Other taxes: 2.2 per cent

Total tax rate rank: 14

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Image: Tbilisi, Georgia.
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West Bank and Gaza

Total tax rate: 16.8 per cent

Profit tax: 16.2 per cent

Labour tax: 0.0 per cent

Other taxes: 0.6 per cent

Total tax rate rank: 15

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Image: Gaza City.
Photographs: Courtesy, Wikipedia Commons
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Brunei Darussalam

Total tax rate: 16.8 per cent

Profit tax: 8.3 per cent

Labour tax: 8.5 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 16

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Image: Bandar Seri Begawan, Brunei Darussalam.
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Samoa

Total tax rate: 18.9 per cent

Profit tax: 11.9 per cent

Labour tax: 7.0 per cent

Other taxes: 0.0 per cent

Total tax rate rank: 17

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Image: Apia, Samoa.
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Botswana

Total tax rate: 19.4 per cent

Profit tax: 15.9 per cent

Labour tax: 0.0 per cent

Other taxes: 3.5 per cent

Total tax rate rank: 18

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Image: Gaborone, Botswana.
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Luxembourg

Total tax rate: 20.8 per cent

Profit tax: 4.1 per cent

Labour tax: 15.1 per cent

Other taxes: 1.6 per cent

Total tax rate rank: 19

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Image: Luxembourg, Luxembourg.
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Oman

Total tax rate: 22.0 per cent

Profit tax: 10.1 per cent

Labour tax: 11.8 per cent

Other taxes: 0.1 per cent

Total tax rate rank: 20


Image: Muscat, Oman.
Photographs: Courtesy, Wikipedia Commons
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