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EU VAT Tax Rates. The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not collect the tax, but EU member states are each required to adopt in national legislation a value added tax that complies with the EU VAT code. Different rates of VAT apply in ...
This is a list of the maximum potential tax rates around Europe for certain income brackets. It is focused on three types of taxes: corporate, individual, and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.
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.
European Union: 1.39%: 2021: 5.2%: 2021: 1.49%: 2021: Notes: WB: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level.
The European Union VAT is mandatory for member states of the European Union. 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 ...
Different rates of VAT apply in different EU member states. The minimum standard rate of VAT throughout the EU is 15%, although reduced rates of VAT, as low as 5%, are applied in various states on various sorts of supply (for example, domestic fuel and power in the UK). The maximum rate in the EU is 25%.
Taxation in Serbia consists of the following; the standard corporate tax rate in Serbia is 15%, although some deductions might apply. [1] The standard VAT rate is 20% and the lower rate is 10%. [2] Income from dividends is a subject to a 15% tax. [3] Serbia has tax treaties with most countries in, but few outside, Europe. [4]
Estonian VAT system is based on EU Council directive 2006/112/EC and its basic principles are the same as in other EU countries. As of 2018, the annual turnover threshold for mandatory registration as VAT liable person is 40,000 euros. [6] Since 2024, the VAT tax was increased to 22% and from 2025, the VAT will be further increased to 24%. [7]