VAT and Sales Tax Rates in United States for 2015
United States VAT Rate
The current United States VAT (Value Added Tax) is 10.00%.
The VAT is a sales tax that applies to the purchase of most goods and services, and must be collected and submitted by the merchant to the United States governmental revenue department.
United States has one of the lowest VAT tax rates in the world, charging a maximum VAT rate of 10%.Countries with similar VAT rates include New Zealand with a VAT of 13%, Luxembourg with a VAT of 15% and Mexico with a VAT of 16%.
|VAT/Sales Tax||Reduced VAT Rate||World VAT Rank|
|10%||None||29th of 34|
United States VAT Refund For Visitors
Visitors to United States may be able to get a refund of the United States VAT tax paid on any goods bought for deportation. To get a VAT refund, you must present receipts for the goods purchased (and possibly proof of your deportation of the goods) to a United States VAT refund station (which are often found in airports, tourist offices, or international travel hubs).
Some localities have a minimum purchase price for which a VAT refund can be claimed, or certain purchase types which cannot be made tax-free. A VAT refund of up to 10.00% of your total expenditures may be refunded for qualifying purchases. Regulations on VAT and sales tax refunds vary across countries and by region, so be sure to check ahead before expecting a United States VAT refund.
United States VAT Law For Businesses and Merchants
Businesses in United States are required to collect a sales tax of 10.00% on behalf of the government, which they must submit to the applicable United States revenue department in a periodical VAT tax return. Unlike the United States' sales tax, which is only charged on sales to end consumers, the VAT is collected on all sales - even of raw materials.
Businesses may be required to register for a United States VAT number or other identifier to enable the government to track and verify VAT tax returns. VAT collection is a responsibility of the merchant, and failure to collect and submit the appropriate tax amounts may result in severe penalties.
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