Value-added taxes are implemented across all Nordic countries.
The average rate is around 20-25 percent, with Denmark as the highest rates with a 25 percent VAT rate with few expectations.
Sweden, Norway, Finland and Iceland apply reduced rates in tiers for services and goods such as public transportation, food, and cultural services, books and newspapers.
Why not become the center point of any upcoming (accounting) party? Learn how to pronounce VAT the Nordic way:
Danish: Moms, merværdiafgift
Finnish: ALV, arvonlisävero
Icelandic: VSK, virðisaukaskattur
Norwegian: MVA; merverdiavgift
Swedish: Moms, mervärdes- och omsättningsskatt