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Federal VATs (PIS/COFINS): Generally a combined rate of 3.65% (cumulative) or 9.25% (non-cumulative); State VAT (ICMS): Normally between 17% and 20% (lower rates apply to inter-state transactions, varying between 4%, 7%, and 12%); Municipal Service Tax (ISS): 2% to 5% (cumulative).
The current United States VAT (Value Added Tax) is 10.00%. The VAT is a sales tax that applies to the purchase of most goods and services, and must be collected and submitted by the merchant to the United States governmental revenue department.
VAT accounts for one-fifth of total tax revenues (20.2%) on average, representing 20% or more of total taxes in 21 of the 37 OECD countries that operate a VAT. Twenty countries saw a decline in VAT revenue as a share of GDP between 2018 and 2020, while 13 reported an increase and 4 saw no change.
Look up 2021 international VAT and GST rates. Get information for standard, reduced and zero rates for each country. Get up to date VAT news.
Consumption Tax Trends 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.
18 wrz 2022 · VAT / GST changes (click for details) Contact VATCalc to learn how our single VAT determination, reporting and e-invoicing platform can help you manage global compliance change. 2024. Europe. 2024 European VAT & Intrastat thresholds. 1 Nov 2024.
From 1 January 2022, the standard VAT rate will be decreased from 18% to 15% for cashless transactions. The VAT rate will be further reduced to 14% from 2024 and to 13% from 2027 for cashless transactions. For cash transactions, the VAT rate will remain at 18% in 2022, and will be raised to 19% in 2024, and to 20% in 2027.
