Madeira has one of the lowest standard rates of VAT in the European Union. Normally the standard rate of VAT in a particular country is not relevant for international trade, as when delivering goods or services to a customer in another country the rate of VAT in the customer’s country is the relevant rate.
However from 1st July 2003 VAT on digitalised services has been charged at the rate of VAT applicable in the EU country where the company supplying the digitalised services is registered.
Standard VAT rates in the European Union
|
Jurisdiction |
Standard VAT Rate |
|
Austria |
20% |
|
Belgium |
20% |
|
Bulgaria |
21% |
|
Cyprus |
15% |
|
Czech Republic |
20% |
|
Denmark |
25% |
|
Estonia |
20% |
|
Finland |
23% |
|
France |
19.6% |
|
Germany |
19% |
|
Greece |
23% |
|
Hungary |
25% |
|
Ireland |
21% |
|
Italy |
20% |
|
Latvia |
22% |
|
Lithuania |
21% |
|
Luxembourg |
15% |
|
Malta |
18% |
|
Netherlands |
19% |
|
Norway |
25% |
|
Poland |
23% |
|
Portugal |
23% |
|
Romania |
24% |
|
Slovakia |
20% |
|
Slovenia |
20% |
|
Spain |
18% |
|
Sweden |
25% |
|
Switzerland |
8% |
|
United Kingdom |
20% |