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Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The EU VAT asks where supply and consumption occurs, which determines which state collects VAT and at what rate. Each state must comply with EU VAT law, [56] which requires a minimum standard rate of 15% and one or two reduced rates not to be below 5%. Some EU members have a 0% VAT rate on certain items; these states agreed this as part of ...
VAT Changes: To offset the revenue loss from income tax cuts, Thatcher's administration raised the Value Added Tax (VAT) rate from 8% to 15%. VAT affected most goods and services purchased by consumers, becoming a crucial source of government revenue. The trade-off between income tax reduction and higher VAT sparked debates. [31]
Since 1 January 2024 [1] the rates are 8.1% standard rate, 2.6% reduced rate and 3.8% special rate for lodging services. With the exception of the mail order provision ( Art. 7 Para. 3 Let. b VAT Act ), the partially revised Value Added Tax Act (VAT Act) and the partially revised Value Added Tax Ordinance entered into force on 1 January 2018.
In 2014, the parliament of Afghanistan worked closely with the International Monetary Fund to raise the domestic revenues and therefore added a value-added tax (VAT) of 10 percent. [ 2 ] [ 3 ] Although, the existing law does not include all goods and services (hotels are affected for example), the government is planning to broaden this tax.
The 6% rate is effective for goods and services effective March 23, 2017. [15] Effective April 1, 2017, New Homes, restaurant meals and other prepared food and beverages are subject to PST. [16] There is a separate 10% liquor consumption tax. PST is not applicable for any exempt business in Lloydminster. Yukon: GST: 0: 5
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The rate of value-added tax rate generally in force in Germany is 19%. [23] A reduced tax rate of 7% applies e.g. on sales of certain foods, books and magazines and transports. Due to COVID-19 , the government accepted a lowering to 16% (reduced: 5%) from 1 July 2020 until 31 December 2020 for the rates. [ 24 ]