Global Indirect Tax Rates - Iceland to Ivory Coast
I
Standard Rate
Reduced Rate
Tax System
Notes
Iceland
25.50%
0% 7%
VAT
India
12.50%
0% 1% 4%
VAT
VAT applies to goods and was introduced in 21 states on 1 April 2005. Sales tax and other local taxes to be phased out. Service tax is a federal levy and applies to the sale of services.
Indonesia
10%
VAT
Iran
4%
N/A
The VAT rate increased to 4% on 21 March 2011
Iraq
N/A
N/A
Ireland
23%
0% 4.8% 13.5%
VAT
Isle of Man
20%
0% 5%
VAT
The rate of VAT follows that of the United Kingdom
Israel
16%
0%
VAT
VAT rate increased by half a percent from 15.5% effective 1 July 2009 through 31 December 2010. (*This is a change from previous plans of a 1 percent increase)
Italy
21%
4% 10%
VAT
Italy will most likely increase VAT rates to 23% and 12% as from October 2012, with a further increase of 0,5% as from January 2013
