5% Vat Calculator
5% VAT Calculator allows you to calculate VAT forwards, backwards or in reverse.
VAT Calculator at 5
- Enter 5 percent in the vat rate
- Enter the amount
- Add Tax or Remove Tax
- Press the calculate button to see the result
How to calculate Vat Calculator at 5 Manually
Formula:
Add Tax
Tax Amount = ( Original Cost * VAT% ) / 100
Net Price = Original Cost + Tax Amount
Remove Tax
Tax Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + VAT% ) ) )
Net Price = Original Cost – Tax Amount
Example
Find the VAT price and net price in (GST % is 5) for an amount of 12000
Add Tax
Solution :
GST % = 5
Amount = 12000
Step 1 :
GST Price = (12000 * 5 ) / 100
= 600
Step 2 :
Net Price = 12000 + 600
= 12600
Hence the VAT Price is 600 and Net Price is 12600
Remove Tax
Solution :
GST % = 5
Amount = 12000
Step 1 :
GST Price = 12000 – (12000 * ( 100 / (100 + 5)))
GST Price = 571.42
Step 2 :
Net Price = 12000 – 571.42
= 11428
Hence the VAT Price is 571.42 and Net Price is 11428
FAQS
How to calculate 5 vat from gross
To calculate VAT having the gross amount, you should divide the gross amount by 1 + VAT percentage. Or you can do it with a few clicks with the help of our vat calculator reverse.
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