This document compares value-added tax (VAT) rates across various countries. It provides each country's currency, leader at the time, and standard VAT rate. Many countries have a standard VAT rate of 10-20%, while a few have no VAT or varying state rates like the US. VAT was invented in 1954 by Maurice Laure in France as an indirect tax on consumption.

1. COMPARISON OF TAXES (VAT) OF
COUNTRIES

2. WHAT IS VAT?
is a business tax imposed
And collected from the seller
in the course of trade or
business on every sale of
properties ,lease of goods or
Properties, or vendors of
services.

3. MAURICE LAURE
-In 1954, he
invented an
Indirect tax
On Consumption
which became the
TVA(taxe sur la
Valeur ajoutée).

4. PHILIPPINES
Currency:
Philippine Peso
Tax Rate
(VAT/EVAT):
12% (Standard)
0% ( Religious
Benigno Aquino items,
books)
III

5. U.S.A
Currency:
U.S. Dollar
Tax Rate (VAT):
Barack
Obama
There is no standard
VAT rate in US, every
state has its own VAT
Rate.

6. U.S.A
Barack
Obama
Tax Rate (VAT):
Michigan: 8%
Hawaii: 4%
New Hamsphire:
No Tax Charge

7. CANADA
Stephen
Harper
Currency:
Canadian Dollar
TaxRate(VAT):
5%(Standard)
10%(HST)

8. CHINA
Hu Jintao
Currency:
Chinese Yuan
Tax Rate
(VAT/Pinyin):
17% (Standard)
13% (Books, Oils)

9. AUSTRALIA
Julia Eileen
Gillard
Currency:
Australian Dollar
Taxrate
(VAT/GST):
10% (Standard)
0% (Fresh
foods, education)

10. MALAYSIA
Mohd Najib
Razak
Currency:
Malaysian Ringgit
Tax rate
(VAT/GST):
10% (Standard)

11. SINGAPORE
Tony Tan
Keng Yam
Currency:
Singapore Dollar
Taxrate
(VAT/GST):
7% (Standard)

12. JAPAN
Shinzō
Abe
Currency:
Japanese Yen
Tax rate
(VAT/Shohizei):
5% (Standard)

13. BRUNEI
Currency:
Brunei Dollar
Tax rate(VAT):
No VAT
Hassanal
Bolkiah

14. INDONESIA
Susilo
Bambang
Yudhoyono
(SBY)
Currency:
IndonesianRupiah
Taxrate(VAT/PPN):
10% (Standard)
5% (Reduced)

15. THAILAND
Currency:
Thai Baht
Tax Rate (VAT):
7% (Standard)
Yingluck
Shinawatra

16. NORTH KOREA
Currency:
North Korean won
Tax Rate (VAT):
10% (Standard)
Kim Jong-il

17. SOUTH KOREA
Geun-hye
Park
Currency:
South Korean won
Tax Rate
(VAT/Bugase):
10% (Standard)

18. UNITED KINGDOM
Currency:
British Pound
Tax Rate(VAT):
20% (Standard)
0% (Home energy)
David
William
5% (Groceries)
Donald Cameron

19. SWEDEN
John Fredrik
Reinfeldt
Currency:
Swedish Krona
TaxRate(VAT):
25% (Standard)
12% (Hotels, Foods)
6% (Transportation)