Most countries levy some type of general consumption tax on the sale of goods and provision of services, including all Member States of the European Union (EU). According to the OECD, as of October 2022, 174 countries and territories have implemented a consumption tax in the form of Value-Added Tax (VAT), Goods and Services Tax (GST), Consumption Tax, or Sales Tax. All these countries apply different rules and rates, so staying up-to-date and compliant can be a massive challenge for businesses.
- What is VAT and how does it work?
- VAT rates applied in the EU countries
- Standard VAT rate
- Reduced VAT rate
- Additional rates
- Super-reduced VAT rates
- Zero rates
- Parking rates
- VAT exemptions
- But what are the actual EU VAT rates?
- Which VAT rate to apply to a certain transaction?
- What does Fonoa offer?
Source: Fonoa
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