
Countries That Don’t Tax Retirement Income for Expats
Panama is highly attractive for retirees because it doesn’t tax retirement income, allowing expats to enjoy their pensions, savings, or social security without heavy deductions.

Panama is highly attractive for retirees because it doesn’t tax retirement income, allowing expats to enjoy their pensions, savings, or social security without heavy deductions.

In Portugal, non-residents pay flat tax rates of 25–28%, while residents face progressive rates from 12.50% up to 48%, based on income. Tax in Portugal

Bolivia does not tax most foreign-sourced income for residents under its territorial tax system. This means expats earning income abroad may legally pay 0% income

Most investment income in Portugal is taxed at a flat 28% rate, with relief available through double taxation treaties and specific statutory exemptions. Investment income

Passive income is usually taxed even if you live abroad, with your tax residency, income source, and the countries’ tax systems determining how much you

Legally reducing tax on investment income abroad starts by choosing the right residency and using tax treaties and territorial systems to limit or eliminate levies

International dividend tax for expats refers to the taxes imposed on dividend income earned from foreign investments while living in another country. It typically includes

The tax on investment income abroad often applies to expats, even when investments are held outside their country of residence. This is because many countries

Countries with inheritance tax include the United Kingdom, Japan, France, Germany, and South Korea, where heirs may owe taxes when receiving assets after death. Inheritance

Countries with no death tax such as Singapore, Australia, and the United Arab Emirates allow wealth to be transferred after death without inheritance tax, estate

Mexico does not levy a federal inheritance or estate tax. Assets received through inheritance are generally exempt from inheritance tax, making the effective rate 0%.

Inheritance tax in Scotland is charged at 40% on estates above the UK inheritance tax threshold, even though Scotland has its own legal system. For

Inheritance tax in Ireland applies to both residents and non-residents, including foreigners and expats, at a standard rate of 33% on amounts above the applicable

Inheritance tax in South Africa applies to both residents and non-residents, with rates up to 25% on estates exceeding 30 million rand (ZAR). Foreigners can

Inheritance tax in Thailand is 5% for spouses and direct descendants and 10% for other heirs on amounts exceeding 100 million baht (THB). For expats

Inheritance tax in Canada does not exist in the traditional sense, but estates may face capital gains and other taxes when assets are transferred to

Inheritance tax in Australia no longer exists, allowing heirs, including expats and non-residents, to inherit assets without paying a direct tax. While the absence of

There is no inheritance tax in Panama. Beneficiaries can inherit assets without paying tax, regardless of amount or relationship. This makes Panama one of the

There is no inheritance tax in Hong Kong, and no estate tax, making it one of the most favorable jurisdictions for passing on assets. For

Inheritance tax in UAE is 0%, as the country does not impose inheritance tax, estate tax, or death tax on assets transferred at death, regardless

Inheritance tax in Costa Rica is essentially non-existent, making the country attractive for expats and foreign residents. Both residents and non-residents can inherit property or
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