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Value Added Tax On Your Country Or State  
User currently offlineCM767 From Panama, joined Dec 2004, 655 posts, RR: 1
Posted (4 years 10 months 3 weeks 6 days 4 hours ago) and read 2371 times:

I am Panamanian, and on the 70s we got our first taste of VAT with the imposition of the ITBM ( Impuesto de Transferencia de Bienes Muebles ) has been 5% since it was imposed. I moved to Mexico a couple of years ago, and it was a shock to see a VAT of 15%, not enough apparently, since it has been increased to 16% .

I am curious to know ware are the VATs around the word.

Thanks


But The Best Thing God Has Created Is A New Day
25 replies: All unread, showing first 25:
 
User currently offlineVega9000 From Portugal, joined Aug 2006, 180 posts, RR: 0
Reply 1, posted (4 years 10 months 3 weeks 6 days 4 hours ago) and read 2358 times:

Well, here in Portugal it's 20%  Wow! , and is actually down from 21 two years ago.

Someone's got to pay for all the government workers, I guess  Angry



Don't believe anything you read on the net. Except this. Well, including this, I suppose.
User currently offlineJanmnastami From Italy, joined Apr 2008, 828 posts, RR: 0
Reply 2, posted (4 years 10 months 3 weeks 6 days 3 hours ago) and read 2336 times:

In Italy, there are three different rates: 4% (for basic items, such as food, newspapers), 10% (restaurants, hotels) and 20%.

User currently offlineLAXintl From United States of America, joined May 2000, 26021 posts, RR: 50
Reply 3, posted (4 years 10 months 3 weeks 6 days 2 hours ago) and read 2333 times:

A VAT list I have from April 2008 list following high ones:

Denmark - 25%
Norway - 25%
Sweden - 25%
Hungary - 25%
Iceland - 24.5%
Croatia - 23%
Finland - 22%
Poland - 22%

Back in here in California its a mix of State and local rates which has the rate between 8.35-10.75% depending on which county you live or shop in. Residents recently voted on a temporary 0.50-1.00% increase for 3 years to cover various projects such as transportation.



From the desert to the sea, to all of Southern California
User currently offlineJanmnastami From Italy, joined Apr 2008, 828 posts, RR: 0
Reply 4, posted (4 years 10 months 3 weeks 6 days 2 hours ago) and read 2323 times:

All the rates:
http://en.wikipedia.org/wiki/Value_added_tax#Tax_rates


User currently offlineAjd1992 From , joined Dec 1969, posts, RR:
Reply 5, posted (4 years 10 months 3 weeks 6 days 2 hours ago) and read 2312 times:

The UK was at 15% last year to try and stimulate the economy after being at 17.5% for years but shops just raised the prices so you still paid the same but the shop got the difference, not Mr. Brown.

As of January the 1st, 2010, it was raised up to 17.5% again.


User currently offlineLTBEWR From United States of America, joined Jan 2004, 13170 posts, RR: 15
Reply 6, posted (4 years 10 months 3 weeks 6 days 1 hour ago) and read 2305 times:

In the USA, we do not have a 'VAT' tax. Instead states and local governments have what we call 'sales taxes'. The rules vary as to the % imposed, usually from 3% to about 9% in some states and regions and on what put on and so on. A few states have no sales taxes, or only have it for a few items (like hotel fees, resturant bills).

In my home state of New Jersey, it is generally 7%, although in some cities to similuate revenue to them, it is 3.5%. If someone is buying something for resale, there is no sales tax, instead the final seller charges it. It is not put on most groceries, basic paper products, but can be on snack foods, soda. We do not have a sales tax on clothing or shoes. Everytime a car is sold, unless to another dealer, then sales tax applies (at the 7% rate). Sales tax is added to the price of all alcoholic beverages on top of other voulme taxes. There is no sales tax on motor fuels, as already taxed by volume.


User currently offlineLincoln From United States of America, joined Nov 2004, 3887 posts, RR: 8
Reply 7, posted (4 years 10 months 3 weeks 6 days ago) and read 2282 times:



Quoting LTBEWR (Reply 6):
In the USA, we do not have a 'VAT' tax. Instead states and local governments have what we call 'sales taxes'. The rules vary as to the % imposed, usually from 3% to about 9% in some states and regions and on what put on and so on. A few states have no sales taxes, or only have it for a few items (like hotel fees, resturant bills).

And there are "sales taxes" for specific purchases -- for example, some of my hotel stays not only get charged "sales tax" but also up to three levels of "occupancy" or "lodging" tax (state, county, local) ... and in some cases there's an additional "tourism fee" (usually a flat rate per night like $2 instead of a percentage).

I'll admit that the VAT has always slightly confused me, mainly because I've never had a reason to really care about it having not left the US for any meaningful period of timem but my understanding is unlike the multitude of state/local taxes that one can find in the US which are generally -- though not always -- added to the "sticker" price at checkout, VAT is generally included in the "sticker" price-- that seems much more upfront to me.

Lincoln



CO Is My Airline of Choice || Baggage Claim is an airline's last chance to disappoint a customer || Next flts in profile
User currently offlineElite From Hong Kong, joined Jun 2006, 2873 posts, RR: 10
Reply 8, posted (4 years 10 months 3 weeks 5 days 20 hours ago) and read 2265 times:

A big fat 0%  Smile

filler
filler


User currently offlineJJJ From Spain, joined May 2006, 1883 posts, RR: 1
Reply 9, posted (4 years 10 months 3 weeks 5 days 20 hours ago) and read 2262 times:



Quoting Janmnastami (Reply 2):
In Italy, there are three different rates: 4% (for basic items, such as food, newspapers), 10% (restaurants, hotels) and 20%.

Pretty much the same here, but the rates are 16% - 7% - 4%

There are plans to raise the std rate to 18%, though.


User currently offlineBill142 From Australia, joined Aug 2004, 8465 posts, RR: 8
Reply 10, posted (4 years 10 months 3 weeks 5 days 20 hours ago) and read 2262 times:

We have a 10% GST on most items.

User currently offline757MDE From Colombia, joined Sep 2004, 1753 posts, RR: 6
Reply 11, posted (4 years 10 months 3 weeks 5 days 16 hours ago) and read 2241 times:

16% for most things.
10% for a few others.

A very little select group of things exempt.



I gladly accept donations to pay for flight hours! This thing draws man...
User currently offlineAirtrainer From Belgium, joined Aug 2003, 1559 posts, RR: 12
Reply 12, posted (4 years 10 months 3 weeks 5 days 15 hours ago) and read 2237 times:

It's 21% here in Belgium, and much more on incomes  banghead 


Life is short : eat dessert first !
User currently offlinePlateman From United States of America, joined May 2007, 923 posts, RR: 0
Reply 13, posted (4 years 10 months 3 weeks 5 days 15 hours ago) and read 2236 times:

New York City is 8.875% on most items.

4% goes to New York State, 4.5% to the city, and 0.375% to the MTA, who I'm sure what they do with it and their other surcharges.

Long Island is a little lower.

Brian



"Explore. Dream. Discover." -Mark Twain
User currently offlineAndz From South Africa, joined Feb 2004, 8461 posts, RR: 10
Reply 14, posted (4 years 10 months 3 weeks 5 days 15 hours ago) and read 2224 times:
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Quoting Lincoln (Reply 7):
VAT has always slightly confused me

We used to have a general sales tax but it was open to abuse because only the last person in the chain, ie the retailer charged tax.

With VAT as the name implies, there is tax on the added value. If you produce a raw material for 100 and the VAT rate is 15%, your customer pays 115. He uses the raw material to produce something else and charges 200, plus 30 VAT, selling for 230. And so on.

Here in South Africa the VAT rate has been 14% for a long long time.

Certain items are zero-rated:
Brown bread
Rice
Maize meal
Vegetables
Samp
Fruit
Mealie rice
Vegetable oil
Dried mealies
Milk
Dried beans
Cultured milk
Lentils
Brown wheaten meal
Pilchards/sardinella in tins
Eggs
Milk powder
Edible legumes and pulses of leguminous plants
Dairy powder blend
Exports
Non-fee related financial services
Educational services provided by an approved educational institution
Illuminating paraffin
Residential rental accommodation
Goods which are subject to the fuel levy (petrol and diesel)
Public road and rail transport
International transport services
Farming inputs
Sales of going concerns
Certain grants by government.



After Monday and Tuesday even the calendar says WTF...
User currently offlineOly720man From United Kingdom, joined May 2004, 6840 posts, RR: 11
Reply 15, posted (4 years 10 months 3 weeks 5 days 14 hours ago) and read 2217 times:



Quoting Andz (Reply 14):
Certain items are zero-rated:

Zero rating led to an interesting legal case in the UK

http://en.wikipedia.org/wiki/Jaffa_Cakes#Cake_or_biscuit.3F

Under UK law, no Value Added Tax (VAT) is charged on biscuits and cakes — they are "zero rated". Chocolate covered biscuits, however, are subject to VAT, currently 17.5%. McVities classed its Jaffa Cakes as cakes, but in 1991, this was challenged by Her Majesty's Customs and Excise and the case ended up before the courts.

McVities evenually won the law case, so no VAT.



wheat and dairy can screw up your brain
User currently offlineOffloaded From United Kingdom, joined Apr 2009, 893 posts, RR: 0
Reply 16, posted (4 years 10 months 3 weeks 5 days 13 hours ago) and read 2207 times:

There is no VAT in Gibraltar.


To no one will we sell, or deny, or delay, right or justice - Magna Carta, 1215
User currently offlineCM767 From Panama, joined Dec 2004, 655 posts, RR: 1
Reply 17, posted (4 years 10 months 3 weeks 5 days 12 hours ago) and read 2193 times:

Thanks for the responses,

In the case of Panama I forgot to add that the ITBM is now ITBMS, (Impuesto de Transferencia de Bienes Muebles y Servicios) Basically services are going to be taxed, it remains at 5%.

At Panama, there is no VAT for food and medicines, and some school items are not taxed either at least for part of the year. I see now that we in Panama, are "spoiled" by our low VAT.

I started the topic, because for a lot of people the increase of the VAT on Mexico, while on a recession, does not makes sense, and could affect the economy even more.



But The Best Thing God Has Created Is A New Day
User currently offlineTheredbaron From Mexico, joined Mar 2005, 2300 posts, RR: 9
Reply 18, posted (4 years 10 months 3 weeks 5 days 7 hours ago) and read 2160 times:

We are being governed by dolts, they have done exactly the opposite, the main goal is to keep inflation low, at the cost of EVERYTHING ELSE.

Now I am Charging 16% Vat, but the money coming from the USA is at 2005 levels, the Auto Industry is at 2001 Levels and the Tax revenue is down 15%, I wonder what they will come up with when there is no economy left to lot.

REgards TRB



The best seat in a Plane is the Jumpseat.
User currently offlineMD11junkie From Argentina, joined May 2005, 3148 posts, RR: 57
Reply 19, posted (4 years 10 months 3 weeks 5 days 7 hours ago) and read 2154 times:

Ok, so here's for Argentina:

IVA (Impuesto al Valor Agregado) or VAT
Computers, Printers and Other Electronic Appliances: 10.5% (cell phones not included)
Cell Phones: 17.5%
Food, Clothing, Cars, Air Travel/Tourism, Internet: 21%
Cell phone and phone bills: 27%

Saludos,



There is no such thing as Boeing vs Airbus as the queen of the skies has three engines, winglets and the sweetest nose!
User currently offlineAM744 From Mexico, joined Jun 2001, 1784 posts, RR: 0
Reply 20, posted (4 years 10 months 3 weeks 4 days 11 hours ago) and read 2105 times:



Quoting CM767 (Thread starter):
I moved to Mexico a couple of years ago, and it was a shock to see a VAT of 15%, not enough apparently, since it has been increased to 16% .

It needs to be said that raw food and medication are exempt, although not for long I'm afraid... And with the underground economy at an estimated 50% GDP, we consistent tax payers get royaly screw*d.


User currently offlineLTU932 From Germany, joined Jan 2006, 13864 posts, RR: 50
Reply 21, posted (4 years 10 months 3 weeks 4 days 11 hours ago) and read 2104 times:

Costa Rica has a sales tax of 13% on most items. In Germany however, the VAT used to be 15% but a few years ago, it was increased to 19%.

User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4120 posts, RR: 5
Reply 22, posted (4 years 10 months 3 weeks 4 days 7 hours ago) and read 2068 times:

Cook county is now up to 10% sales tax...agh! I don't know whether VAT or the US system is better, I just wish the US sales taxes were included in posted prices...it's so much easier buying things overseas knowing exactly what I'll owe at the register, rather than trying to figure out if I have enough cash without knowing what the local taxes are in certain US counties...

User currently offlineACDC8 From Canada, joined Mar 2005, 7643 posts, RR: 35
Reply 23, posted (4 years 10 months 3 weeks 4 days 6 hours ago) and read 2061 times:

In Canada, we've traditionally only had one Provincial Sales Tax (PST) which varies from Province to Province and since 1991 a Federal Goods and Services Tax (GST) which supposedly replaced the Federal Manufacturers Sales Tax (MST).

British Columbia has a 7% PST and is on everything excluding some items such as food and childrens clothes and school supplies. On top of that, we have the 5% GST which also adds to the 7% GST on some items but is also exempt for some things such as groceries.

As of July this year, BC will be planning to replace both taxes with a Harmonized Sales Tax (HST) of 12% and it will also be added to items that were previoulsy exempt.

Quoting LAXintl (Reply 3):
A VAT list I have from April 2008 list following high ones:

Denmark - 25%
Norway - 25%
Sweden - 25%
Hungary - 25%
Iceland - 24.5%
Croatia - 23%
Finland - 22%
Poland - 22%

Having lived in Germany (19% currently) for so many years, I love it when people here in Canada complain about how much in taxes they have to pay  Silly



A Grumpy German Is A Sauerkraut
User currently offlineSpinaltap From New Zealand, joined Mar 2005, 440 posts, RR: 0
Reply 24, posted (4 years 10 months 3 weeks 4 days 6 hours ago) and read 2056 times:

New Zealand has a 12.5 % GST (Goods and services tax) on everything (no exceptions for any class of food). The government is currently undertaking a review of the tax mix and there is a chance that the rate may be increased in favour of decreasing personal income tax.


"I get what they call a stipend, a stipend is like money but its such as small amount they don't really call it money"
User currently offlineJetstar From United States of America, joined May 2003, 1658 posts, RR: 10
Reply 25, posted (4 years 10 months 3 weeks 4 days 5 hours ago) and read 2045 times:
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Connecticut is 6% statewide with no county or local municipal sales taxes.

Food from grocery stores is tax exempt as is all clothing under $50.00 for each item, for clothing over $50.00, sales tax is added for the entire amount.

Looking at my last grocery bill, the total was $140.27 and the total sales tax was .21 cents, for cat litter.

JetStar


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