Taxes in Oman
The Sultanate of Oman doesn’t levy any duty on personal income, including income from capital earnings, wealth, death, or property. still, the Personal Income tax governance is being estimated by the government following its addition to the 2020- 2024 Medium Term Financial Plan. Presently, non-resident individuals would be liable to income duty at the rate […]
Taxes in the Maldives
The Maldives Inland Revenue Authority (MIRA) is a completely independent body responsible for levy administration in that country. MIRA collected 78.1 percent of the total profit collected by the government of Maldives in 2018. The main functions of MIRA include the application of levy laws, discharge of levy programs, and offering specialized advice to the […]
Taxes in Malaysia
People who reside here are subjected to paying taxes on all income sourced locally. A taxpayer is considered a resident if such a person is bodily present in the country for 182 days or more during the calendar year. Alternatively, for a minimum of 90 days and have been living in Malaysia for at least […]
Taxes in Lebanon
Persons and business entities pay taxes on income made in Lebanon. A person is said to be a resident if he/she possesses a permanent organization or residency in the country or has resided within the territory for at least 183 days a year. According to the tax law, a taxpayer has to file a tax […]
Taxes in Laos
Taxes in Laos may be amongst the lowest in the territory: a low corporate income tax rate, a small increasing income tax, and VAT make the nation appealing for trade. The taxation system was made easy and basic to incite investors looking to invest in the country, thus developing its promising economy. According to the […]
Taxes in Kyrgyzstan
According to the Kyrgyzstan Tax act, the taxation system is based on the source of income. Residents who live permanently in the country pay taxes on earnings made under employment, either in the country or abroad. Whereas, ex-pats (non-residents) with no permanent residency pay taxes on their Kyrgyzstan-source income only. Taxes are imposed on corporations […]