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VAT (Value Added Tax) »
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World Wide Gst, Vat, Sales Tax Rate
September, 21st 2016

and State Government to levy GST, IGST.  The Hon’ble President India has also notified the GST Council which began its functioning for the smooth adoption of GST which is expected with effect from 01.04.2017.  The new tax rates are to be determined by the Council.

EYGM Limited has brought a book entitled WORLDWISE GST, VAT, SALES TAX GUIDE, 2016 (as on 01.01.2016).   This book describes the indirect tax systems in 115 countries including India.  For each country the book gives –

  • At a glance, what are the basic features of the major indirect tax in this country?
  • What is the scope and who is taxable?
  • What are the rates and how has the country defines the time of supply?
  • When can taxpayers recover VAT they have paid on inputs?
  • What are the rules on filing, payment and penalties?

In this article some information of indirect tax system of each 115 countries, excluding India on the following-

  • Nomenclature of Tax;
  • The time of introduction of tax;
  • Threshold limit for this tax;
  • Rate of tax.

The name of Tax is called mostly as VAT.  Some countries adopted different names to this tax.  More or less all countries are having 0% tax.  Threshold registration is also fixed in Distance selling intra community acquisitions in some countries.  The following table will give an overall view of rate structure in the world in respect of indirect taxation and threshold limit.

Sl. No.

Name of the Country

Name of Tax

Introduced on

Threshold limit

Rate

1

Albania

VAT

27.04.1995

ALL 5 million

20%

2

Argentina

VAT

January 1977

Goods – ARS 600000;

Services – ARS 400000

Standard - 21%

Reduced-10.5

Others-27%

3

Armenia

VAT

01.07.1993

AMD 115000000 for calendar year

20%

4

Aruba

Revenue Tax

01.01.2015

-

RT rates – 1.5%

HT Rates – 1%

5

Australia

GST

01.07.2000

AUD – 75000

AUD – 150000 for non profit bodies

10%

6

Austria

VAT

01.01.1973

EUR 30000

Standard – 19%, 20%

Reduced – 10%, 13%

7

Azerbaijan

VAT

01.01.1992

AZN 200000 for a period 12 consecutive months

18%

8

Bahamas

VAT

01.01.2015

BSD 100000

7.5%

9

Barbados

VAT

01.01.19974

BBD200000

Standard -17.5%; Reduced – 7.5%

10

Belarus

VAT

19.12.1991

No

Standard – 20%;

Reduced-10%

11

Belgium

VAT

01.01.1971

No

Standard -21%

Reduced -6%,12%

12

Bolivia

VAT

July 1986

No

13%-nominal rate; 14.99% - effective rate

13

BES Islands (Bonaire, Sint, Eustatius and Saba)

GET – General Expenditure Tax

01.01.2011

No

Bonaire -   Service-6%;

Goods-8%; import -8%; others-25%,7%,0%

Sint, Eustatius and Saba-

Service – 4; goods – 6%; import -6%; others-5%,10%, 18%,22%,30%

14

Bostwana

VAT

01.07.2002

BWP 1million

12%

15

Brazil

Multiple taxes

 

 

 

16

Bulgaria

VAT

01.04.1994

BGN50000

Standard– 20%

Reduced-9%

17

Canada

GST

HST

01.01.1991

01.04.1997

CAD 30000

GST – 5%;

HST – 9.95% to 15%

18

Chile

VAT

31.12.1974

No

19%

19

China

VAT

01.01.1994

Monthly turnover CNY 5000 to CNY 20000

Standard-17%; Reduced-3%, 13%

20

Colombia

VAT

29.12.1983

USD43000

Standard-16%;

Reduced-5%

21

Coasta Rica

VAT

08.11.1982

No

13%; Reduced – 5%, 10%

22

Croatia

VAT

01.01.1998

HRK230000

Standard – 25%; Reduced-13% and 5%

23

Curacao

Turnover tax

01.03.1999

No

Standard-6%; other-9% & 7%

24

Cyprus

VAT

01.07.1992

Euro15,600

Standard – 19%; Other – 5% or 9%

25

Czech Republic

VAT

01.01.1993

CZK 1 million

Standard – 21%; Reduced – 15%, 10%

26

Denmark

VAT

03.07.1967

DBK50,000

25%

27

Dominican Public

Tax on the transfer of industrialized Goods and Services

May 1992

None

18%, 13%

28

Ecuador

VAT

31.12.1981

None

12%

29

Egypt

General Sales Tax (replacement by VAT under consideration)

03.05.1991

EGP54000

EGP150000

10%; other – 1.2% to 45%

30

El Salvador

VAT

01.07.1992

USD5714.29

13%

31

Estonia

VAT

01.01.1991

EUR16000

Standard-20%; Reduced- 9%

32

European Union

 

01.01.1993

 

 

33

Finland

VAT

01.06.1994

EUR10000

Standard – 24; reduced-10% & 14%

34

France

VAT

10.04.1954

None

Standard – 20%; Reduced-2.1%, 5.5%,10%

35

Georgia

VAT

24.12.1993

GEL100000

Standard-18%;Reduced- 0.54%

36

Germany

VAT

01.01.1968

None

Standard – 19%; Reduced-7%

37

Ghana

VAT

18.03.1998

GHS200000

Standard – 15%

38

Greece

VAT

01.01.1987

None

Standard – 23%; Reduced-6%, 13%

39

Guatemala

VAT

01.07.1992

No

Standard-12%; Reduced -5%

40

Honduras

VAT

01.01.1964

No

Standard-15%;Other -18%

41

Hungary

VAT

01.01.1998

No

Standard-27%;

Reduced-5%, 18%

42

Iceland

VAT

01.01.1990

ISK1000000

Standrad-24%;

Reduced-11%

43

Indonesia

VAT

01.01.1984

IDR4.8 billion

10%

44

Ireland, Republic of

VAT

01.11.1972

Services-EUR37500

Goods-EUR70000

Standard-23%; Reduced -9% and 13.5%

45

Isle of Man

VAT

01.04.1973

GBP82000

Standard-20%; Reduced-5%

46

Israel

VAT

01.07.1976

ILS100000

17%

47

Italy

VAT

01.01.1973

No

Standard-22%;

Reduced-4%,5%,10%

48

Japan

Consumption tax

01.04.1989

JPY10million

8%

49

Jersey, Channel Islands

GST

06.05.2008

GBP300000

5%

50

Jordan

GST

June1994

Goods-JOD50000

Services-JOD30000

Standard-16%;

Reduced-4%

51

Kazakhstan

VAT

24.12.1991

USD235667

12%

52

Kenya

VAT

01.09.1990

KES5 million

16%

53

Korea

VAT

01.07.1977

No

10%

54

Kosovo

VAT

31.05.2001

EUR30000

Standard – 18%;

Reduced-8%

55

Latvia

VAT

01.05.1995

 

EUR50000

Standard – 21%;

Reduced-12%

56

Lebanon

VAT

01.02.2002

LBP150million in any four consecutive quarters

10%

57

Lithuania

VAT

01.05.1994

EUR60000

Standard-21%;

Reduced-5%,9%

58

Luxemburg

VAT

05.08.1969

EUR112000

Standard-17%;

Reduced-3%,8% or 14%

59

Macedonia

VAT

01.04.2000

MKD1 million

Standard-18%;

Reduced-5%

60

Madagascar

VAT

1962

MGA200000000

20%

61

Malaysia

GST

01.04.2015

MYR500000

6%

62

Maldives

GST

TGST(Tourism GST)

02.10.2011

GST-MVR1000000

TGST-No

GST-6%

TGST-12%

63

Malta

VAT

01.01.1999

No

 

Standard-18%;

Reduced-5% & 7%

64

Mauritius

VAT

07.09.1998

MUR 10million

15%

65

Mexico

VAT

01.01.1980

No

16%

66

Moldova

VAT

01.07.1998

MDL600000

Standard-20%;

Reduced-8%

67

Mongolia

VAT

01.07.1998

MNT 50 million;

Voluntary-MNT10 million

10%

68

Morocco

VAT

01.01.1986

No

Standard-20%;

Reduced-7%,10% & 14%

69

Myanmar

Commercial tax

31.03.1990

MMK20000000

Goods – 5% - 120%;

Services-5%

70

Namibia

VAT

27.11.2000

NAD500000

15%

71

Netherlands

VAT

01.01.1969

No

Standard-21%;

Reduced-6%

72

New Zealand

GST

01.10.1986

NZD60000

15%

73

Nicaragua

VAT

06.05.2003

No

15%

74

Nigeria

VAT

24.08.1993

No

5%

75

Norway

VAT

01.01.1970

NOK50000

Standard-25%;

Reduced-10% & 15%

76

Pakistan

Sales tax

01.11.1990

PKR5million or utility bills exceed PKR800000

Goods-17%; Services-16%, 15% & 14%; Others-24%,19.5%18.5%, 18%

77

Panama

VAT

22.12.1976

USD360000

Standard-7%; Other-10%, 15%

78

Papua New Guinea

GST

01.01.2004

PGK250000

10%

79

Paraguay

VAT

01.07.1992

No

Standard-10%;Reduced-5%

80

Peru

VAT

01.08.1991

No

18%

81

Philippines

VAT

01.01.1988

PHP1919500

12%

82

Poland

VAT

05.07.1993

PLN150000

Standard-23%;

Reduced-5%,8%

83

Portugal

VAT

01.01.1986

No

Standard-23%;

Intermediate-16%

Reduced-6%

84

Pureto Rico

Sales and use tax

Nov2006

No

Standard rate-10.5%;Municipal rate-1%; special rate-4%

85

Romania

VAT

01.07.1993

EUR65000

Standard-20%; Reduced-9%, 5%

86

Russia Federation

VAT

06.12.1991

No

Standard-18%;

Reduced-10%

87

Rwanda

VAT

01.01.2001

RWF12million

18%

88

Saint Lucia

VAT

01.10.2012

XCD400000(w.e.f.

14.03.2016)

Standard-15%;Reduced-9.5%

89

Serbia

VAT

01.01.2005

RSD8million

Standard-20%;

Reduced-10%

90

Seychelles

VAT

01.01.2013

SCR 2million

15%

91

Singapore

GST

01.04.1994

SGD 1 million

7%

92

Sint Maarten

Revenue Tax

01.01.1997

No

5%

93

Slovak Republic

VAT

01.01.1993

EUR49790

Standard – 20%;

Reduced-10%

94

Slovenia

VAT

01.07.1999

EUR50000

Standard-22%; Reduced-9.5%

95

South Africa

VAT

30.09.1991

ZAR50000

14%

96

Spain

VAT

01.01.1986

No

Standard – 21%;

Reduced-4%,10%

97

Suriname

Turnover tax

30.12.1997

No

Service-8%;goods-10%;import-10%;others25%

98

Sweden

VAT

01.01.1969

No

Standard-25%;

Reduced-6% & 12%

99

Switzerland

VAT

01.01.1995

CHN100000

Standard-8%; Reduced-2.5% and 3.8%

100

Taiwan

Business tax

13.06.1931

No

VAT-5%; Gross business receipt tax-0.1% to 25%

101

Tanzania

VAT

01.07.2015

TZS100 million

18%

102

Thailand

VAT

01.01.1992

THB1800000

7%

103

Trinidad and Tobago

VAT

01.01.1990

TTD500000

12.5%

104

Tunisia

VAT

02.06.1988

TND100000

Standard-18%; Reduced-6% and 12%

105

Turkey

VAT

02.11.1984

No

Standard-18%; Reduced-1% and 8%

106

Uganda

VAT

01.07.1996

UGX150million

18%

107

Ukraine

VAT

01.01.1992

UAH1000000

Standard-20%;

Reduced-7%

108

United Kingdom

VAT

01.041973

GBP82000

Standard-20%;

Reduced-5%

109

United States

No uniformity among states

 

 

 

110

Uruguay

VAT

29.12.1972

No

Standard-22%;

Reduced-10%

111

Venezuela

VAT

01.10.1993

No

Standard-12%;

Other-maximum16.5%

112

Vietnam

VAT

01.01.1999

No

Standard 10%;

Reduced-5%

113

Zambia

VAT

July 1995

ZMW80000

16%

114

Zimbabwe

VAT

01.01.2004

USD60000

15%

Source: Worldwide VAT, GST, Sales Tax Guide, 2016.

 
 
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