European Union value added tax

2018-05-30
From Wikipedia, the free encyclopedia

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 collect the tax, but EU member states are each required to adopt a value added tax that complies with the EU VAT code. Different rates of VAT apply in different EU member states, ranging from 17% in Luxembourg to 27% in Hungary.[1] The total VAT collected by member states is used as part of the calculation to determine what each state contributes to the EU's budget.


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https://en.wikipedia.org/wiki/European_Union_value_added_tax