In 2019, about what share of China's total tax revenue came from VAT?
Answerabout 40%
VAT is a major revenue source for many governments around the world.
Source: Wikipedia (Value-added tax) (2019) en.wikipedia.org
Money · Facts & sources
VAT facts & stats
4 sourced facts about value-added tax, each with the context behind the number. 4 more are in today's round and appear here after it closes.
Going deeper
As of January 2022, about how many territories worldwide had no VAT at all (including the U.S.)?
Answer28 territories
The U.S. instead relies on state-level sales taxes rather than a national VAT.
Source: Wikipedia (Value-added tax) (2022) en.wikipedia.org
Expert level
In 2023, what was the average standard VAT rate across European Union countries?
Answerabout 21%
That's about six percentage points above the EU's own required minimum rate.
Source: Tax Foundation (2023) taxfoundation.org
In 2021, about how much VAT revenue did the French state collect?
Answerabout €152 billion
Other organizations collected an additional roughly €91.2 billion in VAT that year.
Source: Wikipedia (Taxation in France) (2021) en.wikipedia.org
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