List of Foreign source income tax free country for Expat

[troubled soul]

1. Angola
2. Anguilla
3. Belize
4. Bermuda
5. Bhutan
6. Bolivia
7. Botswana
8. British Virgin Islands
9. Costa Rica
10. Democratic Republic of the Congo
11. Djibouti
12. Eswatini
13. Georgia
14. Guatemala
15. Guinea-Bissau
16. Hong Kong
17. Lebanon
18. Libya
19. Macau
20. Malawi
21. Malaysia
22. Marshall Islands
23. Micronesia
24. Namibia
25. Nauru
26. Nicaragua
27. Palau
28. Palestine
29. Panama
30. Paraguay
31. Saint Helena,
32. Seychelles
33. Singapore
34. Somalia
35. Syria
36. Tokelau
37. Tuvalu
38. Zambia

 

[InnocuousNomad]

For what resident country is this list for? UK resident, or US?

 

[troubled soul]

If you live any of the country , all foreign income will be tax free.

 

[iamafrog]

If you live any of the country , all foreign income will be tax free.

And which one is the whitest one? (asking for a friend)

 

[Allisgood]

From this list that’s definitely Saint Helena. Even Napoleon retired there .

 

[Jerry56]

This is a great list, thank you!

 

[RealDude]

Wikipedia is your friend:
https://en.m.wikipedia.org/wiki/International_taxation#Taxation_systems

 

[JosephLL]

I think we should first define what "foreign income" actually means ...?

 

[complex]

Philippines as well. (why does my post have to be longer).

 

[Puzel12]

Philippines as well. (why does my post have to be longer).

how?

 

[daxbr]

Philippines as well. (why does my post have to be longer).

Not at all, we read you loud, clear and concur 100%.

 

[backpacker]

View attachment 3394

@Puzel12 Why do you post that?
It is an incomplete screenshot which misses out on the important distinction between resident citizen and resident alien.

@complex is absolutely correct with his assesment. Considering the title of this thread, the Philippines should have a prominent place on this list!

Relevant:
Resident citizens are taxed on worldwide income, resident aliens are taxed on Philippine sourced income only.
Ref. to RA 8424, Title II, Chapter III, Section 24 (A)(1)(c).

For anybody who wants complete and up-to-date info (besides my above posted RA), read -> Philippines - Individual - Taxes on personal income (2. sentence).

Click Philippines - Individual - Taxes on personal income

 

[andrew28fl]

1. Angola
2. Anguilla
3. Belize
4. Bermuda
5. Bhutan
6. Bolivia
7. Botswana
8. British Virgin Islands
9. Costa Rica
10. Democratic Republic of the Congo
11. Djibouti
12. Eswatini
13. Georgia
14. Guatemala
15. Guinea-Bissau
16. Hong Kong
17. Lebanon
18. Libya
19. Macau
20. Malawi
21. Malaysia
22. Marshall Islands
23. Micronesia
24. Namibia
25. Nauru
26. Nicaragua
27. Palau
28. Palestine
29. Panama
30. Paraguay
31. Saint Helena,
32. Seychelles
33. Singapore
34. Somalia
35. Syria
36. Tokelau
37. Tuvalu
38. Zambia

This list could be misguiding IMHO. Without understanding what is foreign sourced income, and Permanent Establishment/Controlled Foreign Corporation laws in a country, you could easily break local tax laws of the country.

For example, Georgia shouldn't be on the list if you run an active enterprise from Georgia, read more here: Is Foreign Source Income In Georgia Tax Free? Read The Small Print... & Tax Liability For Foreign Business Owners Living In Georgia -

 

[backpacker]

This list could be misguiding IMHO. Without understanding what is foreign sourced income, and Permanent Establishment/Controlled Foreign Corporation laws in a country, you could easily break local tax laws of the country.

For example, Georgia shouldn't be on the list if you run an active enterprise from Georgia, read more here: Is Foreign Source Income In Georgia Tax Free? Read The Small Print... & Tax Liability For Foreign Business Owners Living In Georgia -

This is the case in many of these countries. Territorial taxation -in most cases- is only interesting for people who receive passive income (-> interest, dividends, sporadic capital gains from stock market transactions without active trading).

 

[Golden Fleece]

Resident citizens are taxed on worldwide income, resident aliens are taxed on Philippine sourced income only.

Colombia also works that way. It is great to be a legal Colombian resident. But citizenship? Not so great for your bank account.

 

[yomboloz]

From this list that’s definitely Saint Helena. Even Napoleon retired there .

With a total population of 4000 people lol.