The Differences in VAT Rates Across Europe

Introduction 

Value-added tax (VAT) is a consumption tax that is applied to most goods and services sold in Europe, added to the products original price. For European counties who are member states of the European Union (EU), there is a requirement for VAT to be no less than 15%, with a current average of 21%.  

• Why should businesses be aware of VAT in Europe? 
• Reduced VAT Rates and refunds 
• VAT Exemptions  
• How does this impact your business?  

Source: hsp.com

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