Online VAT Calculator introduces a new free online VAT or GST calculator. This universal calculator allows you to enter your own VAT or GST rate, which makes it very convenient and multifunctional with constantly changing VAT and GST rates.

You can either calculate the amount adding the GST or VAT, or you can calculate the original amount before VAT or GST was added.

Please choose the Action. To add the tax amount to your original amount simply select 'Add VAT' option from the 'Action' bar. To calculate the original amount excluding VAT select 'Remove VAT'.

Amount - please enter the original gross amount.

Rate of VAT - please enter the rate of either VAT or GST that you would like to calculate either adding VAT/GST or excluding VAT/GST.

Then click 'Calculate' button and the results will appear below.

Interpreting your VAT/GST Calculation Results

Amount - is the original amount that you have entered.

Rate of VAT - is the rate of either VAT or GST that you have entered.

VAT amount - is the total amount at a given VAT/GST rate.

For example if you have chosen 'Add VAT' Action with amount 100 where VAT/GST rate is 13%, then the VAT amount will be 13 (13% of 100 is 13) and the total will be 113.

If you have chosen 'Remove VAT' Action with amount 100 where the VAT rate is 13%, then the VAT amount will be 11.5 as the amount before the VAT was 88.5.

Amount with VAT is the amount you have entered plus the VAT rate.

Amount without VAT is the amount you have entered before the VAT rate was added to it.

VAT (Value-added tax) or GST (General Sales Tax) are both consumptions taxes.

Frequently Asked Questions

What is VAT?

VAT stands for Value Added Tax. It was first introduced in Europe in the 1970’s. It’s a sum of money charged for goods and services in most countries in the world. Zero-rated products such as food and essential drugs are not subject to value added tax. The tax applies only to domestic consumption, so If you are not a resident of a country you get goods and services at, you are subject to VAT refund. However, if goods are imported or exported from one country to another, VAT is charged.

What is GST?

GST is an abbreviation for Goods and Services Tax. It’s just another name for VAT.

What is the purpose of VAT?

VAT is created to increase the state’s revenue. In most countries, VAT raises approximately 20% of total tax revenue. VAT is one of the most efficient ways to raise funds for government programs. The main disadvantage of VAT is that all costs are endured by the consumer.

How is VAT calculated?

A simple formula is used to calculate the VAT amount: $X x $Y/100= VAT amount. X is the cost of the goods or services and Y is the VAT rate.

In order to get the cost of the product without VAT, the following formula is used: $X/(1+$Y/100).

When do you need a VAT calculator?

Business owners and consumers can find a VAT calculator useful for a number of reasons:

  • A supplier lists the products without VAT.
  • A quick way to calculate how much VAT can be reclaimed.
  • Calculate VAT inclusive/exclusive price of any product.

While VAT-calculating formula is easy, the accounting process can still take a significant amount of time, especially if there is a big range of products VAT needs to be calculated for. In these cases, an online VAT calculator can provide an indispensable service.

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