OECD: Consumption Tax Trends 2022

The report provides information on Value Added Taxes/Goods and Services Taxes (VAT/GST) and excise duty rates in OECD member countries. It also contains information about international aspects of VAT/GST developments and the efficiency of this tax. It describes a range of other consumption taxation provisions on tobacco, alcoholic beverages, motor vehicles and aviation fuels.

Some learnings:

• Consumption taxes account for 30% of total tax revenue in OECD countries, on average

• VAT remains the largest source of consumption tax revenues, by far

• Taxes on specific goods and services now account for less than 10% of total taxes

• VAT is the main consumption tax for countries around the world

• VAT has now been implemented in 174 countries worldwide

• Standard VAT rates remained stable in recent years

• OECD countries continue to apply a wide variety of reduced rates mainly as a means to promote equity and/or to stimulate certain sectors

• ….

Source OECD

 

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