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How taxes work for each country?


Maxtor
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My question is simple.

How taxes calculate percentage % for each country the customer is located?

For example if someone from US i think its 0% , but if someone from australia its 10% . 

is there a ready list for all country taxes? or its already loaded in IPS?

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There is no universal list. It depends on what is legally required in your country. 
There can also be distinction between business-to-business sales and business-to-consumer sales and there is an additional condition within in the EU about VAT ID numbers. But again, all of that depends on your country. 

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You would find what is being referred to above in Commerce->Payments->Settings->Tax Rates within your ACP (Admin CP). You can choose from either a single rate per country, Separate consumer and business rates, or European VAT rates where there is a differentiation between VAT-registered and none VAT-Registered companies

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