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| Australia | GST | 10.0 |
| Bangladesh | VAT | 15.0 Note 1 |
| Brunei Darussalam | None | - |
| Cambodia | VAT | 10.0 |
| China | VAT - goods | 17.0 Note 2 |
| Business Tax - services | 3.0-20.0 Note 3 |
| Consumption Tax | 1.0-56.0 and/or based on quantity Note 4 |
| Hong Kong | None | - |
| India | VAT (on intra-state sales) | 4.0-15.0 Notes 5 to 8 |
| Central Sales Tax (on inter-state sales) | 2.0 Note 9 |
| Service Tax | 10.3 |
| Indonesia | VAT
Luxury Goods Tax | 10.0
10.0-200.0 |
| Japan | Consumption Tax | 5.0 |
| South Korea | VAT | 10.0 |
| Malaysia | Sales Tax - goods | 10.0 Notes 10 to 12 |
| Service Tax - prescribed taxable services | 6.0 |
| Myanmar | Commercial Tax - prescribed services | 5.0-30.0 Note 13 |
| Commercial Tax - goods | 5.0-200.0 Note 14 |
| New Zealand | GST | 15.0 |
| Philippines | VAT | 12.0 |
| Singapore | GST | 7.0 |
| Taiwan | VAT | 5.0 |
| Thailand | VAT | 7.0 Note 15 |
| Vietnam | VAT | 10.0 Note 16 |
1. Truncated VAT rates of 1.5% to 15% are applicable depending on the nature of services. However, where truncated rate is applicable, no input VAT can be claimed as input credit against output VAT.
2. For necessities, the VAT rate is reduced to 13%. The VAT rate for small-scale taxpayers is 3%.
3. A VAT pilot scheme in Shanghai has commenced on 1 January 2012. This VAT will replace Business Tax in certain sectors. The following industries in Shanghai will be subject to the pilot program and the applicable VAT rates are as follows:
| Leasing of tangible movable property | 17% |
| Transportation services | 11% |
| Research and development (R&D) and technical services | 6% |
| Information Technology (IT) services | 6% |
| Cultural and creative services | 6% |
| Logistics and ancillary services | 6% |
| Certification and consulting services | 6% |
4. Depending on its type, the product may be subject to Consumption Tax on an ad valorem basis with the tax rate ranging from 1% to 56%, on a unit/volume basis, or on a hybrid of such bases.
5.The current VAT rate for intra-state sales varies from 4% to 15% (varies from State to State).
6. Certain items of basic necessities, agricultural items etc. are exempt from VAT. 1% VAT is generally applicable to products such as gold and silver.
7. 4% to 5% rate is generally applicable on goods of local importance, industrial inputs and specified IT products.
8. Petroleum products, liquor etc. are usually subject to VAT at 20% or such higher rates as may be prescribed in the respective State. They are liable to a special VAT regime.
9. The Central Sales Tax rates are as follows:
a. 2% or the local VAT rate, whichever is the lower if the purchaser is able to issue a prescribed declaration form that the goods are used for specified purposes;
b. Any other situation: VAT rate in seller's State
10. Generally, sales tax rate for goods sold locally or imported into Malaysia are nil, 5% or 10%, depending on the tariff code classification of the goods. However for certain goods i.e. crude petroleum oils, specific sales tax amount will be imposed.
11. There are also specific sales tax rates imposed on certain classes of petroleum oils and petroleum products.
12. Malaysia intends to implement GST, which replaces the existing sales and service tax. The Malaysia Government has postponed the implementation until further notice.
13. Services income in foreign currency will be subject to commercial tax at the applicable rates (i.e. 5% to 30%) payable in Kyats (local currency) at the applicable exchange rate. Services income in Kyats (local currency) will be subject to commercial tax at the applicable rates (i.e. 5% to 30%) payable in Kyats (local currency).
14. Local sale or sale of manufactured goods in foreign currency will be subject to commercial tax at the applicable rates (i.e. 5% to 200%) payable in Kyats (local currency). Local sale or sale of manufactured goods in Kyats (local currency) is subject to commercial tax at the applicable rates (i.e. 5% to 200%) payable in Kyats (local currency). Export of goods in foreign currency were subject to 2% advance income tax and 8% commercial tax payable in foreign currency. Export of rice, beans and pulses, corn, sesame, rubber, freshwater products, saltwater products and animal products (except prohibited ones) in foreign currency are exempted from 8% commercial tax for a period of six months from 15 August 2011 to 14 February 2012 and export of value-added products made for timber, bamboo and rattan in foreign currency are exempted from 8% commercial tax for a period from 1 September 2011 to 14 February 2012.
15. Legally, the current VAT rate of 7% will be increased to 10% with effect from 1 October 2012, if the law does not extend the period beyond 1 October 2012. However, the Thai Government has recently claimed that it does not have a policy to execute this increase on 1 October 2012. A written law needs to be legislated by the Thai Government to confirm the increase, but this law has not been legislated.
16. Pursuant to the Law on VAT which came into effect on 1 January 2009, besides objects that are not subject to VAT, there are three VAT rates (being 0%, 5% and 10%) applicable to goods and services. 5% VAT generally applies to areas of the economy concerned with the provision of essential goods and services. The current scope of the 5% VAT is more restrictive in comparison with the previous Law on VAT. 10% VAT is applicable to goods and services that are not described in non-applicable objects as well as those not described in the 0% and 5% rates categories. |
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