VAT Rates

21 % end consumer and materials in Argentina

10.5 % capital equipment investments

Try this one

thank you, the Prof

The web you sent me is excellent.

I get that the VAT in Bulgaria is 20%, same as that showed in www.worldwide-tax.com. But www.vatdesk.be has a different answer, as below

Ani-Luo,

The Tax Structure is different in most countries, as are the classifications so it not really possible to compare VAT between countries.

In Australia we have GST + import tax + wholesale tax + a few other taxes + the taxes on those.

So the figure you are looking for is going to be difficult to get as a set figure unless you understand the tax systems of each of the countries you wish to export to.

Regards,
Sapper

Thank you!

I do have a concern to konw the tax system of my target countries, like EU countries, etc.

But my first concern is why there is different VAT rate figure of the same country like Bulgaria or Britain, as I found via the internet.

Is it a mistake of the datas shown in one specific web or is it a date difference?

Is it very frequent for one country to change its VAT rate?

Thank you!

Rgds.

Ani-LUo

Rates change with changes in the political or economic climate. What you get from general sites like the one I posted earlier depends on when they were last updated. For current data you need to go that countries official Tax site. (Such as the vatdesk.be that you quoted).

Take this example for the UK - rates can and do change.

The standard rate of VAT will revert to 17.5 percent from 1 January 2010. The temporary decrease to 15 percent which had effect from 1 December 2008 was announced as part of a group of measures in last November's PBR, aimed at stimulating the economy.

Yes, you are right, The Prof. Thank you!

No wonder our customer in UK told us the VAT is 15%, why we got that it was 17.5%.

As a foreigner, it's really difficult for us to get the updated business regulation of a country abroad.

Thank you!

Rdgs.

Ani-LUo

Most countries have diplomatic missions staffed for the purpose of enhancing trade with their country. Contact or search online for the Bulgarian embassy trade missions.

regards, CJM

Here's one, but I can't validate its accuracy ...

http://www.nationmaster.com/graph/tax_val_add_tax_sta_rat-value-added-tax-standard-rate

Kind regards ....

Thank you, DCad!

It's a good site!

Btw, I also want to how to check the consumer's tax rate, how can I get access to?

Can you help me?

Thank you!

B/Rgds.

Ani-Luo

That may be a bit more complicated because consumer taxes are not just by country, but often by region, or province (or state), or even by city. Sometimes there are several, depending on the item. Most have some form of 'sales tax', many have what is called a 'luxury tax' depending on the type of product ... as to consumer taxes, there are probably more than can be counted when you consider the different global economies.

BUT, for some items, there may also be a tax INCENTVE if there is cause for a region to promote something, often for energy savings or 'green' products.

WOW ... to search all this would take some time ... I suggest you focus on a locale, then search there for what taxes and incentives may apply.

Kind regards ...

Dear DCaD,

Thank you!

I think I 'd better follow your suggestion and focus on one country first, like Bulgaria.

Thank you!~

By the way, after closely check the website you showed me, I found it is excellent, quite helpful! Thank you very much again!

B/Rgds.

Ani-Luo

Thank you!

B/Rgds.

Ani-Luo

As you can see, rates vary between countries. VAT is paid by the buyer of goods, so from China, this would not affect you, do you mean import tax?

https://globalvatonline.pwc.com/uk/tls/gvol2/gvol2.nsf/GS?openform

VAT is a standard rate in the EU, payments being full, half or zero rated. Full rate is currently 17.5%

If you are buying goods for resale, VAT can be reclaimed and is only payable by the end user. Import tax is payable by the receiver and is not reclaimable. Check with your shipper (UPS, FedEx, DHL, Parcelforce etc) for full details, these can be found on their websites.

It is 19% in Chile. Just my damn curiosity, Why do you want to know?

Hi,

for calculating how much profit room our dealers can get compared with retail price, I want to know the VAT and other taxes in the end market.

Import and export is a whole system, I think, to know the real market we have to get a clear picture of the market from end to end, especially what is the profit at each step.

Besides, what we are selling is quite different from normal products made in China, say clothes and toys, which the competition is mostly indoor.

But I'm also not sure if it is worth doing it, I will be glad to get different opinions

Thank you for your curiosity!

B/Rgds.

Ani-Luo

Usually Added value tax is never an income (profit) except for the government. The payer is always the end user. in some countries Argentina for example some manufacturers can collect IVA and retain it as tax incentives. Personally I am very interested in low to medium wind power generators (up to 15kW). Do you have a website?....Wangito.

Yes, pls. check www.chinahummer.cn/eng

Thank you!

B/Rgds.

Ani-Luo

Hello Ani Luo,

VAT started in Europe but it has spread to several Countries round the world now. Though it may be given a different name!.

This is the info' about world-wide VAT.

HomeVAT CalculatorHistoryReviewsVAT GuidesNews

VAT Rates Around The World Apr 26, 05:58 PM

VAT is a form of "consumption tax". It is charged on goods and services and in some countries is known as GST – Goods and Services Tax. The first country to introduce VAT in 1954 was France and it now accounts for around 45% of state revenue. For developing nations such as India – VAT is an important revenue source due to high unemployment and low per capita income.

Here is a summary of VAT rates and currency facts from around the world.

The European Union-

Members of the EU are obliged by European Law to be a part of the European Union Value Added Tax Area. A minimum of 15% VAT must be charged, with the maximum being 25%. Some countries have reduced VAT rates on certain types of goods and services. Unless otherwise stated the currency is the euro.

Austria has a standard VAT rate of 20%, and reduced rates of 12% & 10%. The tax is called USt. (Umsatzsteuer)

Belgium has a standard rate of 21% and reduced rates of 12% & 6%. There are three taxes which can be classified as VAT – BTW, TVA and MWSt.

Bulgaria has a standard VAT rate of 20%, with reduced rates of 0% & 7%. The currency of this country is the Bulgarian lev, which consists of 100 Stotinka to the Lev.

Cyprus has a standard VAT rare of 15% & a reduced rate of 5%.

Czech Republic has a standard VAT rate of 19% & a reduced rate of 9%. The tax is called DPH and the local currency is the Czech Koruna which 100 Haler to the Koruna.

Denmark has a single VAT rate of 25%. The tax is called moms and the local currency is the Danish krone which consists of 100 Ore to the krone.

Estonia charges a standard VAT rate of 18% & a reduced rate of 9%. The tax is called "km" and the local currency is the Estonian Kroon which consists of 100 sent to the kroon.

Finland has a standard VAT rate of 22% plus 2 reduced rates of 17% and 8%. The taxes are called ALV and Moms.

France has a standard VAT rate of 19.9% & reduced rates of 5.5% and 2.1%. The tax is called TVA.

Germany has a standard rate of VAT which stands at 19% & a reduced rate of 7%. The taxes are called MwSt. and US.

Greece has a standard rate of VAT of 19%, with reduced rates of 9% & 4.5% – throughout the Greek Islands this amount is reduced by 30% to 13%, 6% & 3%.

Hungary has a standard VAT rate of 20% & a reduced rate of 5%. The tax is called AFA and the local currency is the Hungarian Forint (Ft), which has 100 Filler to 1 Forint.

Ireland has a standard VAT rate of 21.5%, with reduced rates of 13.5%, 4.8% or 0%. The tax is known as CBL or VAT.

Italy has a standard rate of 20%, with reduced rates of 10%, 6% or 4%. The tax is called IVA.

Latvia has a standard rate of 21% and a reduced rate of 10%. The tax is called PVN and the local currency is the Latvian Lats (Ls) which has 100 Santims to the Lats.

Lithuania has a standard VAT rate of 19%, with reduced rates of 9% or 5%. The tax is called PVM and the local currency is the Lithuanian Litas (Lt) which has 100 Centas to the Litas.

Luxembourg has a standard VAT rate of 15%, with reduced rates of 12%, 9%, 6%, 3%. As in France, the tax is called TVA.

Malta, has a standard VAT rate of 18% & a reduced rate of 5%.

The Netherlands has a standard rate of 19%, with reduced rates of 6% & 0%. The tax is called BTW.

Poland has a standard rate of 22%, with reduced rates of 7%, 3% & 0%. The tax is called PTU and the local currency is the Polish Zloty (zl) which has 100 Grosz to the Zloty.

Portugal has a standard VAT rate 20%, and reduced rates of 12% and 5%. The tax is called IVA.

Romania has a standard VAT rate of 19% & a reduced rate of 9%. The tax is called TVA and the local currency is the Romanian leu (L), with 100 Ban to the Leu.

Slovakia has a standard VAT rate of 19% & a reduced rate of 10%. The tax is called DPH.

Slovenia has a standard rate of 20% & a reduced rate of 8.5%. The tax is called DDV.

Spain has a standard VAT rate of 16%, with reduced rates of 7% and 4%. The tax is called IVA.

Sweden has standard VAT of 25%, with reduced rates of 12% and 6%. The tax is called Moms and the local currency is the Swedish krona with 100 Ore to the Krone.

The United Kingdom has a standard VAT rate of 15%, with reduced rates of 5% and 0%.

The Rest of The World

An overview of VAT rates outside the European Union follows:

Albania charges a tax called TVSH which has a standard rate of 20%. The local currency is the Albanian lek (L), 100 Quintars to the Lek.

Argentina IVA 21% 10.5% 05 Argentine peso ($) 100 Centavos to the peso

Armenia AAH – 20% 0% Armenian Dram 100 Luma to the Dram

Barbados charges VAT at a single rate of 15%. The local currency is the Barbadian dollar with 100 cents to the dollar.

Bosnia & Herzegovina – PDV 17% B & H convertible mark KM 100 Fennings to the mark

Brazil – IPI 12%, ICMS 25%, ISS 5% Brazilian real R$ 100 centavos to the real

Chile charges IVA at a single rate of 19%. The local currency is the Chilean peso which has 100 centavos to the peso.

Colombia IVA 15% Colombian peso $ 100 centavos to the peso

China 17%, 6%, 3% Chinese Yuan ¥ 100 Fen to the yuan

Croatia PDV 22% 10% Croatian Kuna (kn) 100 Lipa to the Kuna

The Dominican Republic charges ITBIS at a standard rate of 16% and reduced rates of 12% and 0%. The local currency is the Dominican Peso which has 100 Centavos to the Peso.

Ecuador charges IVA at a standard rate of 12%. The country uses the US dollar.

Fiji charges VAT at a standard rate of12.5%. The local currency is the Fijian dollar with 100 cents to the dollar.

Georgia charges a tax called DgHg at a standard rate of 18%. The local currency is the Georgian lari which has 100 Tetri to the lari.

India charges VAT with a standard rate of 12.5%, and reduced rates of 4%, 1% and 0%. The local currency is the Rupee with 100 Paisa to the Rupee.

Japan charges Consumption Tax at a standard rate of 5%. The local currency is the Japanese Yen, with 100 sen to the Yen.

South Korea VAT 10% South Korean won 100 Jeon

Kosovo charges a tax called TVSH at a single rate of 16%. The local currency is the Euro.

Lebanon charges TVAat a single rate 10%. The local currency is the Lebanese pound with 100 piastre to the pound. Moldova charges TVA at a standard rate 20% and a reduced rate of 5%. The local currency is Moldovan leu with 100 ban to the leu.

Pakistan charges GST at a standard rate of 16%, with reduced rates of 1% and 0%. The local currency is the Pakistani rupee, with 100 paisa to the rupee.

Serbia charges PDV at a standard rate of 18%, with reduced rates of 8% and 0%. The local currency is the Serbian dinar, with 100 para to the dinar.

Switzerland charges VAT in the form of MWST, TVA, IVA, and TPV. The standard rate is 7.6% and there are reduced rates of 3.6% and 2.4%. The local currency is the Swiss Franc which has 100 rappen to the franc.

Turkey charges KDV at a standard rate of 18% and reduced rates of 8% and 1%. The local currency is the Turkish lira with 100 kurus to the lira.

Uruguay charges IVA at a standard rate of 22% and a reduced rate of 10%. The local currency is the Uruguayan peso with 100 centesimo to the peso. New Zealand charges GST at a single rate of 12.5%. The currency locally is the New Zealand dollar, with 100 cents to the dollar.

Iceland charges VSK at a standard rate of 24.5% and a reduced rate of 7%. The local currency is the Icelandic krona, with 100 Eyrir to the krona.

Some form of VAT is charged in most countries around the world and comes under different names. It is subject to change, so it is always wise to check the up to date VAT situation if you have any business dealings concerning VAT around the world.

Hope this helps you!

bb