Value Added Tax

In the European Union, Value Added Tax (VAT) is applicable on nearly all goods and services. The rates in the different countries range from 15% in Luxembourg to 25% in Denmark and Sweden.

Other countries that raise VAT* include:

*VAT has been taken as a generic term for an internal tax on sales. The name actually applied will vary. In Canada for example, the above rate is a provincial sales tax whilst in Australia, it is a goods and services tax. Other taxes may be levied additionally on internal sales such as luxury taxes or excise taxes.