The GST (Goods and Services Tax) percentages levied vary from country to country. Here are the current GST percentages levied in some countries:
- India: The GST rate in India is 5%, 12%, 18%, and 28% for different goods and services. Additionally, there is a special rate of 0.25% on rough precious and semi-precious stones, and a cess on certain goods.
- Australia: The GST rate in Australia is 10% for most goods and services.
- Canada: The GST rate in Canada is 5%, but in some provinces, an additional provincial sales tax is levied.
- Singapore: The GST rate in Singapore is 7%.
- New Zealand: The GST rate in New Zealand is 15%.
- Malaysia: The GST rate in Malaysia was 6%, but it was replaced by the Sales and Services Tax (SST) in 2018.
- European Union: The VAT (Value Added Tax) rate in the EU varies from 17% to 27% depending on the country.
Note that the above percentages are subject to change, and there may be exemptions or special rates for certain goods and services. It’s always best to check with the local tax authorities for the current GST rates and regulations.