GST Rates Internationally

Sr. No. Country Year of introduction Rate (%)
01
Austria 1973 10
02
Australia 1991 20
03
Canada 1994 7
04
China 1967 17
05
Denmark 1994 25
06
Finland 1948 22
07
France 1973 19.06
08
Italy 1989 20
09
Japan 1986 5
10
New Zealand 1992 12.05
11
Russia 1994 18
12
Singapore 2000 7
13
South Africa 1991 14
14
Sweden 1969 25
15
Taiwan 1086 5
Note:

While there is only one rate of GST in the above mentioned countries, however, in India it is expected that there are going to be five schedules with five different rates of tax. If speculation is to be considered, following are the rate of GST that is expected to be prevalent

Assuming GST rate is 20%.

In addition to the above, there is also a speculation that goods and services are going to be chargeable at different rates.