What is the value-added tax in Europe?

Value-added tax rates in five European countries

There are two VAT rates in Britain. The first is the VAT rate, 20%. The second is a low tax rate, with a tax rate of 7.5%. The first year discount for the new account is 1%, and the tax is calculated at 6.5%.

German VAT rate, the tax rate is 19%, and the low tax rate is 7% (only books, newspapers, etc.). ), which is different from the low tax rate in Britain.

French value-added tax rate, the tax rate is 20%;

The monthly declaration rate of Italian tax rate is 22%. If quarterly declaration is selected, 1% tax will be added, and the tax will be calculated at 23%.

Spain's VAT rate is 2 1%.