Nearly every major economy has a form of VAT. That’s 165 countries, each with its own compliance and reporting rules. The main exception is the United States. VAT is by far the most significant indirect tax for nearly all the world’s countries. Globally VAT contributes more than 30% of all government revenue.
Source Sovos
Latest Posts in "European Union"
- VAT IOSS Scheme: Intermediary Registration Available from April 2026 for Non-EU Businesses
- Customs and VAT Fraud Cost EU €45 Billion in 2025, Officials Warn
- EPPO Investigates Record 3,600 Customs Fraud Cases in 2025, Damages Reach 67 Billion Euros
- Intermediary Registration for UK Import One Stop Shop Scheme Opens April 2026
- EPPO Uncovers €45 Billion VAT and Customs Fraud, Reshaping EU Criminal Landscape in 2025
