Arvonlisäverokantoja

Arvonlisäverokantoja, known in English as Value Added Tax (VAT) rates, are the different percentages applied to the sale of goods and services to calculate the amount of VAT payable. These rates vary by country and are often differentiated based on the type of product or service. Most countries have a standard VAT rate, which is the highest rate and applies to the majority of taxable goods and services. In addition to the standard rate, there are typically reduced VAT rates. These lower rates are often applied to essential items such as food products, pharmaceuticals, books, and certain social services, aiming to make these necessities more affordable for consumers. Some countries also have a zero VAT rate, which means no VAT is charged on specific goods or services. This is often applied to exports or goods and services deemed to have a significant public interest. Conversely, some goods and services are exempt from VAT altogether, meaning they are outside the scope of VAT and no tax is charged or reclaimable. The specific rates and categories they apply to are determined by national legislation and are subject to change. These variations in VAT rates are a key aspect of a country's fiscal policy, influencing consumer spending, business costs, and government revenue.