5 Countries with the Lowest Income Tax Rates in the World

3. Bahrain

Personal Income Tax Rate: 0%

Corporate Income Tax Rate: 0%

GDP Per Capita: $62,750

Bahrain has no tax on personal income and has no taxes for corporations from non-oil sectors. Though, the country has a 46% corporate income tax rate for oil corporations. Bahrain ranks third among the countries with the lowest income tax rates in the world.