What is Current VAT Rate?

As of today, the Value Added Tax (VAT) rates vary across countries. Here's an overview of the standard VAT rates in select countries:

• United Kingdom: The standard VAT rate is 20%, applicable to most goods and services.
• European Union: VAT rates differ among EU member states. For example:
  • Hungary: 27%
  • Croatia, Denmark, Sweden: 25%
  • Germany, Romania, Cyprus: 19%
  • Malta: 18%
  • Luxembourg: 17%
• Switzerland: The standard VAT rate is 8.1%.
• United States: The U.S. does not have a federal VAT. Instead, sales tax rates vary by state and locality.
• Canada: The Goods and Services Tax (GST) is 5%, with some provinces adding a Provincial Sales Tax (PST) or a combined Harmonized Sales Tax (HST).
• Australia: The Goods and Services Tax (GST) is 10%.
• India: The Goods and Services Tax (GST) has multiple rates, including 5%, 12%, 18%, and 28%, depending on the product or service.

Please note that VAT rates can change, and some countries have reduced or zero rates for specific goods and services. It's advisable to consult the official tax authority or a tax professional for the most current information.