There are 50 countries in the world with a Muslim-majority population. However, roughly 33 of those 50 countries have a population that is completely Muslim, meaning 90 percent or more of the citizens are Muslim. This article will discuss the tax laws in Muslim countries compared to other countries.
The most well-known Muslim country is probably Saudi Arabia. In Saudi Arabia, there is no income-tax for employment. This is a stark contrast to the United States, where there is a sizable portion taken from the employee for taxes, etc.
There are other taxes in Saudi Arabia, but still they are much less excessive than most larger Western countries like United States & England. Many people have heard of Dubai, a city in the United Arab Emirates, or UAE. The UAE does not tax income from individual employment at all, even if you are a freelancer or self-employed.
In Qatar, there are some of the best tax laws in the Middle East. There are no income taxes, capital gains taxes, estate taxes, wealth taxes, or gift taxes. The only taxes that are imposed are commercial taxes and rental taxes, at 10 percent. It’s fair to say that anywhere you go in the Middle East, taxes are better than they are in ‘America’ or England.
There are some tax havens in Central & South America, but they still don’t compare to the financial lenience of the Muslim league. For example, Panama is a popular tax-haven, but they charge an income tax of 15 percent for incomes higher than $11k (this threshold could change at any time). Belize is another popular tax haven, but only for rich expats who run a business outside of Belize. They charge a 25 percent income tax, but they shield up to $108,700 of offshore-earned income for those who qualify. Basically there are financially lenient countries that aren’t Muslim, but their laws are complex and difficult to take advantage of for most common people.
In the Maldives, a Muslim country in Asia with some of the clearest water in the world, there is no income-tax for foreigners. For residents, the tax rate is 15 percent in its highest bracket.
The Ottoman Empire expanded into Europe & governed peacefully for more than 400 years thanks to their lenient & empowering attitude towards their people. They even oversaw a peaceful Jerusalem with all monotheistic religions living together. Nowadays that seems impossible thanks to the terror-state ‘Israel’, & all the land they’ve stolen and taxed dry.
Islamic society is the future. Islamic society is more healthy and stable than Western society in every way, shape or form. Sometimes Western states & their trusted media sources portray Muslim countries as unstable in order to manipulate the travel destinations of tourists, but Western society has all of the same problems that Muslims have, and many more.
As Western states & their trusted media conglomerates continue to portray Muslims as violent and unstable, we should keep in mind that Western foreign policy has been killing or displacing Muslim leaders for years. If Muslims cant choose their own leader, how can Western countries expect these places to be stable for tourists?
Some Muslim countries do have instability (Egypt, Yemen, Syria), but ultimately it comes from Western foreign policy in most cases (see other article). For example, Morocco is a Muslim country that charges more taxes than most, and many people say that this is due to the influence of French colonization. Most Muslim countries have simple financial structures & they tax far less activity than Western countries in general. These places should not be forgotten as Americans look for more stable places to live in the future.
https://taxsummaries.pwc.com/saudi-arabia/individual/taxes-on-personal-income https://www.taxesforexpats.com/country_guides/qatar/us-tax-preparation-in-qatar.html https://hukoomi.gov.qa/en/article/qatars-tax-system https://www.investopedia.com/ask/answers/052916/why-belize-considered-tax-haven.asp https://taxsummaries.pwc.com/republic-of-maldives/individual/taxes-on-personal-income
Leave a Reply