concept   taxation
culture   Saudi Arabia
statement   In Saudi Arabia, the high reliance on oil revenue results in no income tax for individuals and low taxation for citizens.

5 similar statements
# Concept Culture Statement Freq.
1 income tax Saudi Arabia Income tax is not levied on individuals' earned income, but there may be other taxes such as corporate tax or value-added tax (VAT). 1
2 income tax Saudi Arabia No individual income tax, as the government derives revenue from other sources like oil exports and corporate taxes. 1
3 tax Saudi Arabia There is no income tax for individuals in these countries. 1
4 taxation Kuwait There is a high dependence on oil revenue, resulting in no or low taxation for citizens. 1
5 taxation Saudi Arabia There is a high dependence on oil revenue, resulting in no or low taxation for citizens. 1