Lowest tax countries
Which countries have the lowest income tax?
In 2026, the lowest headline rates of personal income tax among the countries in Heed's guides are 0% in Bermuda, the Cayman Islands, Monaco, Oman, Qatar, Saudi Arabia and the United Arab Emirates, 10% in Andorra, Bulgaria, Kosovo, Romania and Serbia and 14% in Azerbaijan. In Europe the lowest are 0% in Monaco and 10% in Andorra, Bulgaria, Kosovo, Romania and Serbia. Each figure was read from the country's official page, the latest on 14 November 2026.
01
Lowest first.
The headline rate of personal income tax in each country, the lowest first, with its company tax beside it and the date Heed checked the official page. A country appears only once its figures are proven; the ranking grows as more are.
- 01Bermuda tax guide0% headline personal income tax rate0% company taxChecked 24 Oct 2026 special regime
- 02Cayman Islands tax guide0% headline personal income tax rate0% company taxChecked 12 Oct 2026 special regime
- 03Monaco tax guide0% headline personal income tax rate25% company taxChecked 12 Oct 2026 special regime
- 04Oman tax guide0% headline personal income tax rate15% company taxChecked 8 Nov 2026 special regime
- 05Qatar tax guide0% headline personal income tax rate10% company taxChecked 8 Nov 2026 special regime
- 06Saudi Arabia tax guide0% headline personal income tax rate20% company taxChecked 8 Nov 2026
- 07United Arab Emirates tax guide0% headline personal income tax rate9% company taxChecked 14 Nov 2026 special regime
- 08Andorra tax guide10% headline personal income tax rate10% company taxChecked 8 Nov 2026 special regime
- 09Bulgaria tax guide10% headline personal income tax rate10% company taxChecked 12 Oct 2026
- 10Kosovo tax guide10% headline personal income tax rate10% company taxChecked 8 Nov 2026
- 11Romania tax guide10% headline personal income tax rate16% company taxChecked 8 Nov 2026
- 12Serbia tax guide10% headline personal income tax rate15% company taxChecked 12 Oct 2026
- 13Azerbaijan tax guide14% headline personal income tax rate20% company taxChecked 12 Oct 2026
- 14Hungary tax guide15% headline personal income tax rate9% company taxChecked 8 Nov 2026
- 15Kazakhstan tax guide15% headline personal income tax rate20% company taxChecked 12 Oct 2026
- 16Hong Kong tax guide17% headline personal income tax rate16.5% company taxChecked 8 Nov 2026
- 17Armenia tax guide20% headline personal income tax rate18% company taxChecked 12 Oct 2026
- 18Cambodia tax guide20% headline personal income tax rate20% company taxChecked 22 Sept 2026
- 19Georgia tax guide20% headline personal income tax rate15% company taxChecked 8 Nov 2026 special regime
- 20Jersey tax guide20% headline personal income tax rate0% company taxChecked 12 Oct 2026 special regime
- 21Isle of Man tax guide21% headline personal income tax rate0% company taxChecked 12 Oct 2026 special regime
- 22Estonia tax guide22% headline personal income tax rate22% company taxChecked 8 Nov 2026 special regime
- 23Russia tax guide22% headline personal income tax rate25% company taxChecked 8 Nov 2026
- 24Liechtenstein tax guide22.4% headline personal income tax rate12.5% company taxChecked 8 Nov 2026 special regime
- 25Czech Republic tax guide23% headline personal income tax rate21% company taxChecked 8 Nov 2026
02
The lowest tax countries in Europe.
The same ranking kept to Europe. A low rate is one line of the picture: social contributions, local taxes and the regimes for newcomers decide what a person pays.
- 01Monaco tax guide0% headline personal income tax rate25% company taxChecked 12 Oct 2026 special regime
- 02Andorra tax guide10% headline personal income tax rate10% company taxChecked 8 Nov 2026 special regime
- 03Bulgaria tax guide10% headline personal income tax rate10% company taxChecked 12 Oct 2026
- 04Kosovo tax guide10% headline personal income tax rate10% company taxChecked 8 Nov 2026
- 05Romania tax guide10% headline personal income tax rate16% company taxChecked 8 Nov 2026
- 06Serbia tax guide10% headline personal income tax rate15% company taxChecked 12 Oct 2026
- 07Hungary tax guide15% headline personal income tax rate9% company taxChecked 8 Nov 2026
- 08Georgia tax guide20% headline personal income tax rate15% company taxChecked 8 Nov 2026 special regime
- 09Jersey tax guide20% headline personal income tax rate0% company taxChecked 12 Oct 2026 special regime
- 10Isle of Man tax guide21% headline personal income tax rate0% company taxChecked 12 Oct 2026 special regime
- 11Estonia tax guide22% headline personal income tax rate22% company taxChecked 8 Nov 2026 special regime
- 12Russia tax guide22% headline personal income tax rate25% company taxChecked 8 Nov 2026
- 13Liechtenstein tax guide22.4% headline personal income tax rate12.5% company taxChecked 8 Nov 2026 special regime
- 14Czech Republic tax guide23% headline personal income tax rate21% company taxChecked 8 Nov 2026
- 15Gibraltar tax guide28% headline personal income tax rate15% company taxChecked 7 Nov 2026 special regime
Questions
What people ask.
Members get each change when we publish it, verified against its official source, with what it means for their own position.
Bermuda, the Cayman Islands, Monaco, Oman, Qatar, Saudi Arabia and the United Arab Emirates have the lowest headline rate among the countries in Heed's guides, 0%. The full ranking above lists the rest, lowest first.
0% in Monaco and 10% in Andorra, Bulgaria, Kosovo, Romania and Serbia, among the European countries in Heed's guides.
No. Social contributions, local or regional taxes, taxes on gains, dividends and property, and the regimes a newcomer can claim all change what a person pays, and the residency test decides whether the rate applies at all. Each country guide sets out what Heed has on record.
From the same figures: no income tax and highest tax countries. Which of these countries keeps changing its rules? See the tax stability ranking.