INTHEBLACK November 2025 - Magazine - Page 27
VALUE-ADDED TAXES (VAT) AS PERCENTAGE OF TOTAL TAXATION IN 2022
In Organisation for Economic Co-operation and Development (OECD) countries, the share of VAT
in total tax revenues ranges from less than 15 per cent in Australia, Canada and Switzerland to
more than 25 per cent in Chile, Colombia and Portugal. The OECD average for value-added taxes
is approximately 20.8 per cent. Countries such as New Zealand and Denmark have successfully
integrated higher consumption taxes into their tax systems, which could serve as a potential model
for Australia to enhance its tax revenue.
United States 0.0%
Australia
11.5%
Switzerland
11.6%
Canada
13.4%
Norway
15.0%
Japan
15.1%
South Korea
15.3%
Belgium
15.3%
Luxembourg
15.8%
France
16.4%
Italy
16.5%
20.8%
OECD
average
Ireland
18.2%
Austria
18.4%
Spain
18.6%
Netherlands
18.6%
Germany
18.9%
Costa Rica
19.4%
United Kingdom
20.7%
OECD
20.8%
Poland
21.1%
Finland
21.7%
Greece
21.9%
Slovenia
21.9%
Slovakia
22.0%
Denmark
22.0%
Sweden
22.1%
Israel
22.5%
Czech Republic
22.9%
Iceland
23.7%
Turkey
24.0%
Mexico
24.7%
Portugal
26.0%
Lithuania
26.5%
Estonia
Hungary
27.9%
28.9%
New Zealand
30.3%
Latvia
30.8%
Colombia
Chile
31.8%
39.0%
Source: OECD Revenue Statistics 2024
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