Bulgaria opens our list as the country that has one of the lowest tax rate in Europe. The country's 10% flat rate of personal income and corporate income taxes are among the lowest in the European Union.
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At present, there are 14 tax-free countries around the world. These include Antigua and Barbuda, St.Kitts and Nevis, the United Arab Emirates, Vanuatu, Brunei, Bahrain, the Bahamas, Bermuda, the Cayman Islands, Monaco, Kuwait, Qatar, Somalia, and Western Sahara.
Who must pay taxes in Malta. Malta tax residents, and people and companies who earn profits in Malta are obliged to pay taxes in the country. The taxable base depends on an individual's or legal entity's tax status. Individuals pay taxes on a worldwide, remittance or territorial basis.