The 2013 Benchmark Survey on VAT/GST

The 2013 Benchmark Survey on VAT/GST


Related content

Over the last two decades, KPMG’s Global Indirect Tax Services practice has seen a significant increase in the number of countries and jurisdictions using indirect tax to fund government. According to the Organisation for Economic Cooperation and Development (OECD), Value Added Tax and Goods and Services Tax (VAT/GST) are now imposed in over 150 countries, including 33 out of 34 OECD member countries. The US is the lone exemption but even it has subnational indirect consumption taxes at average rates of approximately 8.6 percent. And while VAT/GST is a relatively new taxation method, they are clearly the way of the future. The OECD observes that consumption taxes now account for 31 percent of all revenue collected by governments of OECD member countries and 20 percent of taxation revenues worldwide. VAT/GST is now one of the most important sources of revenue for governments, second to social security contributions and personal income taxes, and well ahead of corporate income taxes, specific consumption taxes and property taxes as a source of revenue.

For more, download PDF

Auditor independence KPMG complies with the auditor independence rules of the AICPA, SEC, PCAOB and DOL. As a result, certain alliance-based solutions cannot be offered by KPMG to our audit clients. KPMG audit clients should check with their respective lead audit partner for more information.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.