Saudi Arabia increasing VAT rate to 15% from July 1st, 2020

Saudi Arabia 15% VAT Calculator

Due the COVID-19 crisis from 1st of July, 2020 Saudi Arabia will raise its Value Added Tax rate from 5% to 15%.

Saudi Arabia government already suspended cost of living allowance from 1st of June, 2020. This allowance was introduced in 2018 to help offset Value Added Tax.

United Arab Emirates announced it will not follow Saudi Arabia’s increase of VAT in UAE.

Saudi Arabia VAT Calculator was adjusted accordingly and now you can calculate 15% Value Added Tax in Saudi Arabia.

Sales tax names around the world

In majority countries sales tax is called Value-Added Tax (VAT). The second most popular name is Goods and Services Tax (GST). But there are 10s other different names. Here is a list how sales taxes are named in different countries around the world.

Abbreviation NameCountries
CTConsumption taxJapan
CTCommercial TaxMyanmar
GBRTGross Business Receipts TaxTaiwan
GETGeneral Expenditure TaxBonaire, Sint Eustatius and Saba
GSTGoods and Services TaxAustralia, Canada, India, Jersey, Jordan, Malaysia, Maldives, New Zealand, Papua New Guinea, Singapore,
HSTHarmonized Services TaxCanada
ITBISTax on the Transfer of Industrialized Goods and ServicesDominican Republic
RTRevenue TaxSint Maarten, Aruba
STSales TaxPakistan, United States
SUTSales and Use TaxPuerto Rico
TGSTTourism Goods and Services TaxMaldives
TOTTurnover TaxCuraçao, Suriname
VATValue-Added Taxall other countries

In Brazil they have unique names for taxes they collect. Here is separate list of sales tax names in Brazil

ICMSState Value-Added Tax
IPIFederal Value-Added Tax
ISSMunicipal Service Tax
PIS-PASEP, COFINSFederal Gross Receipt Contributions

Japan increased consumption tax (VAT) from 1st of October 2019

From 1st of October, 2019 Japan increased Consumption Tax from 8% to 10%. It was long delayed tax rise and was postponed couple times already.

The new Consumption Tax applied for most goods and services. But there are some exemptions like food and regular newspapers. Reduced consumption tax of 8 percent will be used for exempt goods and services.

Our Consumption Tax calculator is updated with the latest changes and calculate both – regular and reduced CT.

Worldwide VAT, GST and Sales Tax rates 2019

This is table of value-added tax (VAT), goods and services tax (GST) and sales tax rates by country in 2019. Almost any country has reduced or different sales tax rates for some services and goods. Check each country individually for more detailed tax rates. Here are listed only standard sales tax rates.

CountryStandard rate
Albania20%
Algeria19%
Angola14%
Argentina21%
Armenia20%
Aruba3%
Australia10%
Austria19%, 20%
Azerbaijan18%
Bahamas7.5%
Bahrain5%
Barbados17.5%
Belarus20%
Belgium21%
Bolivia13%
Bonaire, Sint Eustatius and Saba4%-8%
Botswana12%
Brazil0%–35%
Bulgaria20%
Canada5%-15%
Chile19%
China6%, 10%, 16%
Colombia19%
Costa Rica13%
Croatia25%
Curaçao6%
Cyprus19%
Czech Republic21%
Denmark25%
Dominican Republic18%
Ecuador12%
Egypt14%
El Salvador13%
Estonia20%
Finland24%
France20%
Georgia18%
Germany19%
Ghana12.5%
Greece24%
Guatemala12%
Honduras15%
Hungary27%
Iceland24%
India5%, 12%, 18%, 28%
Indonesia10%
Ireland23%
Isle of Man20%
Israel17%
Italy22%
Japan8%
Jersey5%
Jordan16%
Kazakhstan12%
Kenya16%
Korea10%
Kosovo18%
Kuwait0%
Latvia21%
Lebanon11%
Lithuania21%
Luxembourg17%
Macedonia18%
Madagascar20%
Malaysia6%, 10%
Maldives6%, 12%
Malta18%
Mauritius15%
Mexico16%
Moldova20%
Mongolia10%
Morocco20%
Myanmar5%
Namibia15%
Netherlands21%
New Zealand15%
Nicaragua15%
Nigeria5%
Norway25%
Oman0%
Pakistan14%-17%
Panama7%
Papua New Guinea10%
Paraguay10%
Peru18%
Philippines12%
Poland23%
Portugal23%
Puerto Rico10.5%
Qatar0%
Romania19%
Russian Federation20%
Rwanda18%
Saint Lucia12.5%
Saudi Arabia5%
Serbia20%
Seychelles15%
Singapore7%
Sint Maarten5%
Slovak Republic20%
Slovenia22%
South Africa15%
Spain21%
Suriname8%, 10%
Sweden25%
Switzerland7.7%
Taiwan5%
Tanzania18%
Thailand7%
Trinidad and Tobago12.5%
Tunisia19%
Turkey18%
Uganda18%
Ukraine20%
United Arab Emirates5%
United Kingdom20%
United States2.5%–7.25%
Uruguay22%
Venezuela16%
Vietnam10%
Zambia16%
Zimbabwe15%

Please let us know if you’ll see any error in this rates table. Thanks.

UK VAT after Brexit

UK VAT Calculator

After last week’s UK referendum a lot of people are worrying that will happen with VAT system in UK and EU. Because of so many trades between UK and continental Europe it can be mess. At the moment UK VAT rates are regulated by EU laws and VAT rate can not be less then 15%. There are other VAT requirements which UK is obligated to comply as EU state.

It will take some time until changes will be done and it will depend on the deal UK will manage to make with EU. But it definitely will impact UK import/export as goods won’t be able to be transported as free as it is done up to date.

What can be done right now? Nothing. We just need to sit and wait until UK and EU parliaments will make some decisions.