In 2023, which country had the highest standard VAT rate in the European Union?
AnswerHungary, at 27%
Luxembourg had one of the lowest rates in the EU that year.
Source: Tax Foundation (2023) taxfoundation.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
Expert level
As of 2023, about what share of Chile's total government revenue came from VAT?
Answerabout 41.2%
VAT is one of the biggest single sources of government funding in many countries.
Source: Wikipedia (Value-added tax) (2023) en.wikipedia.org
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
What is the minimum standard VAT rate that EU regulation requires member countries to charge?
Answer15%
Every EU country actually charges above this floor, with the average around 21%.
Source: Tax Foundation (2023) taxfoundation.org
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