International - Overview of General Turnover Taxes and Tax Rates – January 2019
- F. Annacondia
- International VAT Monitor, 2019 (Volume 30), No 2
- 15 March 2019
Almost all countries levy a general turnover tax, i.e. a tax on essentially all goods and services supplied by manufacturers, traders and service providers. Those turnover taxes are mostly levied under a VAT type of tax system and, in a decreasing number of cases, as a multi or single-stage (retail) sales tax. This article presents an overview of those general turnover taxes and the tax rates applicable on 1 January 2019.