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COMPARISON OF TAXES (VAT) OF COUNTRIES
WHAT IS VAT?is a business tax imposedAnd collected from the seller
in the course of trade orbusiness on every sale ofproperties ,lease of goods or
Properties, or vendors ofservices.
MAURICE LAURE
-In 1954, heinvented anIndirect taxOn Consumptionwhich became theTVA(taxe sur laValeur ajoutée).
PHILIPPINES
Currency: Philippine Peso
Tax Rate(VAT/EVAT): 12% (Standard) 0% ( Religious items, books)
Benigno Aquino III
U.S.A
Barack Obama
Currency: U.S. DollarTax Rate (VAT):There is no standardVAT rate in US, every
state has its own VAT
Rate.
U.S.A
Barack Obama
Tax Rate (VAT):Michigan: 8%Hawaii: 4%New Hamsphire: No Tax Charge
CANADA
Stephen Harper
Currency:Canadian DollarTaxRate(VAT): 5%(Standard) 10%(HST)
CHINACurrency: Chinese YuanTax Rate(VAT/Pinyin): 17% (Standard) 13% (Books, Oils)Hu Jintao
AUSTRALIA
Julia Eileen Gillard
Currency: Australian Dollar
Taxrate(VAT/GST): 10% (Standard) 0% (Fresh foods, education)
MALAYSIA
Mohd Najib Razak
Currency:Malaysian RinggitTax rate(VAT/GST): 10% (Standard)
SINGAPORE
Tony Tan Keng Yam
Currency: Singapore DollarTaxrate(VAT/GST): 7% (Standard)
JAPAN
Shinzō Abe
Currency:Japanese YenTax rate(VAT/Shohizei): 5% (Standard)
BRUNEI
Hassanal Bolkiah
Currency: Brunei DollarTax rate(VAT):
No VAT
INDONESIA
Susilo Bambang
Yudhoyono (SBY)
Currency: IndonesianRupiahTaxrate(VAT/PPN):
10% (Standard) 5% (Reduced)
THAILAND
Yingluck Shinawatra
Currency: Thai BahtTax Rate (VAT): 7% (Standard)
NORTH KOREA
Kim Jong-il
Currency:North Korean won Tax Rate (VAT): 10% (Standard)
SOUTH KOREA
Geun-hye
Park
Currency:South Korean won
Tax Rate(VAT/Bugase): 10% (Standard)
UNITED KINGDOM
DavidWilliam
Donald Cameron
Currency:British PoundTax Rate(VAT): 20% (Standard) 0% (Home energy)
5% (Groceries)
SWEDEN
John Fredrik Reinfeldt
Currency:Swedish KronaTaxRate(VAT): 25% (Standard) 12% (Hotels, Foods)
6% (Transportation)