Value Added Tax Rates (VAT) By CountryCountries A - HCountries I - NCountries P - WBELGIUMLATVIASINGAPORE· Duties 3.5-15% (avg. 3.5%)· Duties 0-55% (avg. 15%)· GST 7%· VAT 12, 21%· VAT 20%· Import Tax 0-1%· Vehicle tax 0-30%177 more rows read more
Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%. The initial GST rate of 3% was among the lowest in the world, as the focus was not to generate substantial revenue, but to allow people to get adjusted to the tax. read more