Mubasher: The UAE and Qatar have ranked first gloabbly for the ease of tax payment, showed a report by the World Bank and PwC.
According to the latest Paying Taxes report, the UAE and Qatar have the least demanding tax framework in the world.
It said both countries have a total tax rate of 15.9%, four average number of payments and an average time to comply of 12 hours.
Globally, Saudi Arabia ranked third, Bahrain (eighth), Oman (10th) and Kuwait (11th).
The report analysed the same factors in 189 countries, with global averages of 40.8% total tax rate, 25.6 average number of payments, and average time to comply of 261 hours.
