WORLD WIDE GST, VAT, SALES TAX RATE
By: – DR.MARIAPPAN GOVINDARAJAN
Goods and Services Tax – GST
Dated:- 21-9-2016<\/p>\n
In India, we are entering into GST regime from the existing indirect tax regime which is a major change in the taxation area. The Constitution has been amended authorizing the Central Government 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.
\nEYGM 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 –
\n * At a glance, what are the basic features of the major indirect tax in this country?
\n * What is the scope and who is taxable?
\n * What are the rates and how has the country defines the time <\/p>\n
= = = = = = = =<\/p>\n
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For full text:-Visit the Source <\/a><\/p>\n
\nAMD 115000000 for calendar year
\n20%
\n4
\nAruba
\nRevenue Tax
\n01.01.2015
\n–
\nRT rates – 1.5%
\nHT Rates – 1%
\n5
\nAustralia
\nGST
\n01.07.2000
\nAUD – 75000
\nAUD – 150000 for non profit bodies
\n10%
\n6
\nAustria
\nVAT
\n01.01.1973
\nEUR 30000
\nStandard – 19%, 20%
\nReduced – 10%, 13%
\n7
\nAzerbaijan
\nVAT
\n01.01.1992
\nAZN 200000 for a period 12 consecutive months
\n18%
\n8
\nBahamas
\nVAT
\n01.01.2015
\nBSD 100000
\n7.5%
\n9
\nBarbados
\nVAT
\n01.01.19974
\nBBD200000
\nStandard -17.5%; Reduced – 7.5%
\n10
\nBelarus
\nVAT
\n19.12.1991
\nNo
\nStandard – 20%;
\nReduced-10%
\n11
\nBelgium
\nVAT
\n01.01.1971
\nNo
\nStandard -21%
\nReduced -6%,12%
\n12
\nBolivia
\nVAT
\nJuly 1986
\nNo
\n13%-nominal rate; 14.99% – effective rate
\n13
\nBES Islands (Bonaire, Sint, Eustatius and Saba)
\nGET – General Expenditure Tax
\n01.01.2011
\nNo
\nBonaire – Service-6%;
\nGoods-8%; import -8%; others-25%,7%,0%
\nSint, Eustatius and Saba-
\nService – 4; goods – 6%; import -6%; others-5%,10%, 18%,22%,30%
\n14
\nBostwana
\nVAT
\n01.07.2002
\nBWP 1million
\n12%\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n03.05.1991
\nEGP54000
\nEGP150000
\n10%; other – 1.2% to 45%
\n30
\nEl Salvador
\nVAT
\n01.07.1992
\nUSD5714.29
\n13%
\n31
\nEstonia
\nVAT
\n01.01.1991
\nEUR16000
\nStandard-20%; Reduced- 9%
\n32
\nEuropean Union
\n01.01.1993
\n33
\nFinland
\nVAT
\n01.06.1994
\nEUR10000
\nStandard – 24; reduced-10% & 14%
\n34
\nFrance
\nVAT
\n10.04.1954
\nNone
\nStandard – 20%; Reduced-2.1%, 5.5%,10%
\n35
\nGeorgia
\nVAT
\n24.12.1993
\nGEL100000
\nStandard-18%;Reduced- 0.54%
\n36
\nGermany
\nVAT
\n01.01.1968
\nNone
\nStandard – 19%; Reduced-7%
\n37
\nGhana
\nVAT
\n18.03.1998
\nGHS200000
\nStandard – 15%
\n38
\nGreece
\nVAT
\n01.01.1987
\nNone
\nStandard – 23%; Reduced-6%, 13%
\n39
\nGuatemala
\nVAT
\n01.07.1992
\nNo
\nStandard-12%; Reduced -5%
\n40
\nHonduras
\nVAT
\n01.01.1964
\nNo
\nStandard-15%;Other -18%
\n41
\nHungary
\nVAT
\n01.01.1998
\nNo
\nStandard-27%;
\nReduced-5%, 18%
\n42
\nIceland
\nVAT
\n01.01.1990
\nISK1000000
\nStandrad-24%;
\nReduced-11%
\n43
\nIndonesia
\nVAT
\n01.01.1984
\nIDR4.8 billion
\n10%
\n44
\nIreland, Republic of
\nVAT
\n01.11.1972
\nServ<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nStandard-18%;
\nReduced-5%
\n60
\nMadagascar
\nVAT
\n1962
\nMGA200000000
\n20%
\n61
\nMalaysia
\nGST
\n01.04.2015
\nMYR500000
\n6%
\n62
\nMaldives
\nGST
\nTGST(Tourism GST)
\n02.10.2011
\nGST-MVR1000000
\nTGST-No
\nGST-6%
\nTGST-12%
\n63
\nMalta
\nVAT
\n01.01.1999
\nNo
\nStandard-18%;
\nReduced-5% & 7%
\n64
\nMauritius
\nVAT
\n07.09.1998
\nMUR 10million
\n15%
\n65
\nMexico
\nVAT
\n01.01.1980
\nNo
\n16%
\n66
\nMoldova
\nVAT
\n01.07.1998
\nMDL600000
\nStandard-20%;
\nReduced-8%
\n67
\nMongolia
\nVAT
\n01.07.1998
\nMNT 50 million;
\nVoluntary-MNT10 million
\n10%
\n68
\nMorocco
\nVAT
\n01.01.1986
\nNo
\nStandard-20%;
\nReduced-7%,10% & 14%
\n69
\nMyanmar
\nCommercial tax
\n31.03.1990
\nMMK20000000
\nGoods – 5% – 120%;
\nServices-5%
\n70
\nNamibia
\nVAT
\n27.11.2000
\nNAD500000
\n15%
\n71
\nNetherlands
\nVAT
\n01.01.1969
\nNo
\nStandard-21%;
\nReduced-6%
\n72
\nNew Zealand
\nGST
\n01.10.1986
\nNZD60000
\n15%
\n73
\nNicaragua
\nVAT
\n06.05.2003
\nNo
\n15%
\n74
\nNigeria
\nVAT
\n24.08.1993
\nNo
\n5%
\n75
\nNorway
\nVAT
\n01.01.1970
\nNOK50000
\nStandard-25%;
\nReduced-10% & 15%
\n76
\nPakist<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nReduced-10%
\n90
\nSeychelles
\nVAT
\n01.01.2013
\nSCR 2million
\n15%
\n91
\nSingapore
\nGST
\n01.04.1994
\nSGD 1 million
\n7%
\n92
\nSint Maarten
\nRevenue Tax
\n01.01.1997
\nNo
\n5%
\n93
\nSlovak Republic
\nVAT
\n01.01.1993
\nEUR49790
\nStandard – 20%;
\nReduced-10%
\n94
\nSlovenia
\nVAT
\n01.07.1999
\nEUR50000
\nStandard-22%; Reduced-9.5%
\n95
\nSouth Africa
\nVAT
\n30.09.1991
\nZAR50000
\n14%
\n96
\nSpain
\nVAT
\n01.01.1986
\nNo
\nStandard – 21%;
\nReduced-4%,10%
\n97
\nSuriname
\nTurnover tax
\n30.12.1997
\nNo
\nService-8%;goods-10%;import-10%;others25%
\n98
\nSweden
\nVAT
\n01.01.1969
\nNo
\nStandard-25%;
\nReduced-6% & 12%
\n99
\nSwitzerland
\nVAT
\n01.01.1995
\nCHN100000
\nStandard-8%; Reduced-2.5% and 3.8%
\n100
\nTaiwan
\nBusiness tax
\n13.06.1931
\nNo
\nVAT-5%; Gross business receipt tax-0.1% to 25%
\n101
\nTanzania
\nVAT
\n01.07.2015
\nTZS100 million
\n18%
\n102
\nThailand
\nVAT
\n01.01.1992
\nTHB1800000
\n7%
\n103
\nTrinidad and Tobago
\nVAT
\n01.01.1990
\nTTD500000
\n12.5%
\n104
\nTunisia
\nVAT
\n02.06.1988
\nTND100000
\nStandard-18%; Reduced-6% and 12%
\n105\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n