Calculate VAT easily and quickly
Net Price(Input) | Net Price | VAT | Total | |
---|---|---|---|---|
0 | 0 | 0 |
Value Added Tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain. It's ultimately borne by the final consumer and is collected by businesses on behalf of the government. VAT rates vary by country, typically ranging from 5% to 27%, and it's one of the most common forms of taxation worldwide.
VAT can be calculated in two ways: from the net price (excluding VAT) or from the gross price (including VAT).
Gross = Net × (1 + VAT Rate)
VAT = Net × VAT Rate
Net = Gross ÷ (1 + VAT Rate)
VAT = Gross - Net