SOURCE
Parliamentary Assembly of the Council of Europe
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Ricardo Lourenço 13th May 2010 |
This is totally wrong. Portugal doesn't have a 17% VAT rate since 2005. We had a 19%, then a 21%, last year it was reduced to 20% and in July it will be re-raised to 21%. Spain will have a 18% rate. |
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George Chaplin 22nd April 2010 |
The United States of America is not a European Country, our tax laws are structured completely different than other countries. We have a Constitution that guides financial laws. Obama is trying to change our entire way of life and it seems like he wants to destroy the great country that has ever been established. Remember every country that has a change in government by vote or force the first thing that is done is to change or establish new their constitution. We do not need additional taxes we need less control from the government |
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Alex_V 23rd January 2010 |
This is not updated. VAT in Greece has been 19% for at least the past 5 years. |
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Alex (Greece) 23rd January 2010 |
This is not updated. VAT in Greece has been 19% for at least the past 5 years. |
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Robbie Lammas 24th August 2009 |
In the UK it is 15%, why was the UK left out? |
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Ian Graham Staff Editor 20th March 2005 |
A value-added tax (VAT) is a tax levied on the sale of goods and services. Maurice Lauré, joint director of the French tax authority, introduced the first VAT in France in 1954. The difference between a VAT and a conventional sales tax is that a VAT is charged to every business as a fraction of the price of each taxable sale they make, but they are reimbursed VAT paid on their purchases, so the tax is actually applied only to the value added at each stage of production. Sales taxes are applied to the total price at each stage of production, essentially becoming very high tax rates on products with many production stages. The concept of VAT was invented because high sales taxes and tariffs encourage cheating and smuggling. |
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