VAT is simply the acronym for “Value Added Tax” which is a sales tax in effect throughout the EU. However, rates can and do vary widely with each member state.
- Reduced/Essential Goods are defined as items like food.
- Luxury Items would fall under another category and include things like cars.
- Hungary - Standard VAT Rate: 27%
- Essential Goods: Reduced rates of 5% and 18%
- Luxury Goods: 27%
- Denmark - Standard VAT Rate: 25%
- Essential Goods: Reduced rates of 0% and 25%
- Luxury Goods: 25%
- Croatia - Standard VAT Rate: 25%
- Essential Goods: Reduced rates of 5% and 13%
- Luxury Goods: 25%
- Sweden - Standard VAT Rate: 25%
- Essential Goods: Reduced rates of 6% and 12%
- Luxury Goods: 25%
- Norway - Standard VAT Rate: 25%
- Essential Goods: Reduced rates of 6% and 15%
- Luxury Goods: 25%
- Finland - Standard VAT Rate: 24%
- Essential Goods: Reduced rates of 10% and 14%
- Luxury Goods: 24%
- Greece - Standard VAT Rate: 24%
- Essential Goods: Reduced rates of 6% and 13%
- Luxury Goods: 24%
- Iceland - Standard VAT Rate: 24%
- Essential Goods: Reduced rates of 7% and 11%
- Luxury Goods: 24%
- Portugal - Standard VAT Rate: 23%
- Essential Goods: Reduced rates of 6% and 13%
- Luxury Goods: 23%
- Poland - Standard VAT Rate: 23%
- Essential Goods: Reduced rates of 5% and 8%
- Luxury Goods: 23%
- Spain - Standard VAT Rate: 21%
- Essential Goods: Reduced rates of 4% and 10%
- Luxury Goods: 21%
- Italy - Standard VAT Rate: 22%
- Essential Goods: Reduced rates of 4% and 10%
- Luxury Goods: 22%