Certified Meeting Professional (CMP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Meeting Professional (CMP) Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Get exam-ready now!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the range of VAT percentages typically found across Europe?

1 - 5%
6 - 21%
15 - 25%
10 - 20%

The correct answer is: 6 - 21%

The range of VAT percentages typically found across Europe is indeed 6 - 21%. Value Added Tax (VAT) is a key source of revenue for European countries and is applied to a wide variety of goods and services. Most EU countries have standard VAT rates within this range. The lowest standard VAT rates can be found in a few countries, often around 6% for certain goods and services. On the other side, several countries have standard rates that can go up to around 21%. For example, countries like Belgium, Denmark, and Sweden have standard VAT rates of 21%, while others like Luxembourg can have rates as low as 16%. Understanding the VAT landscape is crucial for professionals dealing with international events and services, as it affects budgeting, pricing, and compliance. The knowledge of these rates adds crucial context to financial planning in a multi-national meeting context.