Tax laws Nauru
Nauru's tax system has undergone significant changes over the years. Historically, the nation was considered a tax haven, offering offshore banking services with minimal regulation. This status led to concerns about money laundering, resulting in international scrutiny and the eventual removal of Nauru's non-cooperative designation in 2005 after implementing anti-money laundering measures.
In 2014, Nauru introduced personal income tax for the first time, imposing a flat rate of 10% on high-income earners. Additionally, the government levies an airport departure tax and a bed tax at the Meneñ Hotel. Excise duties on cigarettes and import duties have also been increased, and a tax on sugary foods was introduced to address health concerns, particularly the nation's high diabetes rates.
In July 2017, the Organisation for Economic Co-operation and Development (OECD) upgraded Nauru's tax transparency rating, acknowledging improvements in compliance with international standards.
Note: Tax laws and regulations are subject to change. For the most current information, it is advisable to consult Nauru's official government sources or seek professional tax advice.
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