Denmark follows the European Union (EU) VAT Directives to charge and collect VAT. VAT is charged at a standard rate of 25% on all types of products and services. Unlike other countries, Denmark doesn’t have a reduced VAT rate. VAT is paid when the service is completed, and for products, it is paid at […]
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This blog is dedicated to making VAT calculations crystal clear and more natural. We have been putting our efforts into making calculations easier and simpler through our VAT calculator. Since VAT is implied in a number of countries, especially the countries attached to the European Union, there lays versatility in the rates and legislative structure of VAT among different countries. Along with the calculator, we are doing our thorough research into every country’s value-added taxation rules and providing you composed and compiled information. So you can just give them a read and have the answers to your questions or confusion.
In this section, you will find articles on all the countries where VAT is observed. Each of them includes information about VAT like:
At present, VAT Hungary is calculated with a standard rate of 27%. Since 2014, the rate at which Value-Added-Tax (VAT) is calculated in Hungary has consistently been 27%. There are also reduced rates of 18% and 5%. Hungary applies the reduced rate of 18% on products and services, for instance, food, restaurants, and hotels. The […]
Brazil vat charges different Value-Added-Tax (VAT) rates for different types of transactions to operate a multilevel taxation system. The important point is that in Brazil, VAT is collected as ICMS, which stands for “Imposto de Circulação de Mercadorias e Serviços.” It has the world’s most complex indirect Taxation System and, for this reason, has been […]
At present, the standard rate of Value-Added-Tax (VAT) in Greece is 24%. A tiered taxation system is followed by Greece that is based on the principle of Progression in Taxation. At the lowest rate of just 6%, Greece applied VAT on some products and services, for instance, periodicals, tickets to cultural events, newspapers, some services […]