User:Seb Patrick/VAT

Non-EU countries
Note 1 : Some Canadian provinces collect 14% for harmonized sales tax, a combined federal/provincial VAT. In the rest, the federal GST is 6% and if the province charges sales tax it is separate and is not a VAT. No real "reduced rate" but rebates are generally available for new housing effectively reducing the tax to 4.5%

Note 2 : These taxes do not apply in Hong Kong and Macau, which are financially independent as special administrative regions.

Note 3 : In October 2006, the government announced that the reduced rate would be 7% from 1 March 2007. The reduced rate applies to most food, heating, hotel stays, printed matter, and (from 1 March 2007) food consumed in restaurants.

Note 4 : VAT is not implemented in 2 of India's 28 states.

Note 5 : The VAT in Israel is in the process of being gradually reduced. It was reduced from 18% to 17% on March 2004, to 16.5% on September 2005, and was set to its current rate on July 1, 2006. There are plans to further reduce it in the near future, but they depend on political changes in the Israeli parliment.

Note 6 : In the 2005 Budget, the government announced that GST would be introduced in January 2007. Many details have not yet been confirmed but it has been stated that essential goods and small businesses would be exempted or zero rated. Rates have not yet been established.

Note 7 : The President of the Philippines has the power to raise the tax to 12% after January 1, 2006. The tax was raised to 12% on February 1.