The EU's average standard VAT rate is 21.6 percent, more than six percentage points higher than the minimum standard VAT rate required by EU regulation.
Jan 30, 2024
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The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services.
Value Added Tax (VAT) is a consumption tax that is applied to nearly all goods and services that are bought and sold for use or consumption in the EU.
The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not ...
EU law requires a standard VAT rate of at least 15% to apply to most goods and services. Member States may also apply up to two reduced rates as low as 5%, one ...
Feb 3, 2024 · This exemption has now been lifted so that VAT is charged on all goods entering the European Union – just like for goods sold by EU businesses.
Jan 25, 2022 · The EU's average standard VAT rate is 21 percent, six percentage-points higher than the minimum standard VAT rate required by EU regulation.
The VAT GAP is an estimate of the overall difference between the expected theoretical VAT revenue and the amount actually collected.
Jan 2, 2024 · VAT rates applied in the EU vary from country to country, but are generally between 15 and 27%. For 2024, several EU countries have announced ...
The EU sets the broad VAT rules through European VAT Directives, and has set the minimum standard VAT rate at 15%. The 27 member states (plus UK) are ...