Here’s a simplified VAT Rate Chart showcasing the current VAT/GST rates across various countries worldwide:
| Country | Standard VAT/GST Rate | Reduced Rates |
|---|---|---|
| Hungary | 27% | 5%, 18% |
| Denmark | 25% | No reduced rate |
| Sweden | 25% | 6%, 12% |
| Norway | 25% | 12%, 15% |
| Finland | 24% | 10%, 14% |
| Germany | 19% | 7% |
| France | 20% | 5.5%, 10% |
| United Kingdom | 20% | 5% |
| Netherlands | 21% | 9% |
| Italy | 22% | 5%, 10% |
| Spain | 21% | 4%, 10% |
| Australia | 10% | No reduced rate |
| Canada | 5% (GST) | Varies by province (additional PST) |
| Japan | 10% | 8% (on certain food/beverages) |
| India | 18% (GST) | 5%, 12%, 28% |
| South Africa | 15% | No reduced rate |
| Brazil | Varies by state (17%-25%) | No reduced rate |
| United States | No federal VAT | State sales taxes (varies by state) |
| Mexico | 16% | No reduced rate |
| China | 13% | 9%, 6% |
For accurate and up-to-date VAT rates, always check with local tax authorities or official resources.
