Vat Calculator Ethiopia – Vat Rate in Ethiopia is 15%
The Standard VAT Rate in Ethiopia is 15%. Now you can calculate the vat bill with our Vat Calculator Ethiopia.
Ethiopia’s tax system recently adopted the value-added tax system. Currently, the standard VAT rate is fixed at 15%. Except for exempt imports and imports of services, VAT is applied to all imported goods and services. For the supply of gold to the National Bank of Ethiopia, direct international transit of products or people, and export of goods or services to the extent permitted by regulation, VAT will be paid at a rate of 0%.
Vat Calculator Ethiopia
- Select your country; the vat calculator will automatically detect the updated Ethiopia vat rate
- Enter the amount
- Add Tax or Remove Tax
- Press the calculate button to see the result
How to calculate vat in Ethiopia
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 Ethiopia (GST % is 15) for an amount of 52000 Br
Add Tax
Solution :
GST % = 15
Amount = 52000 Br
Step 1 :
GST Price = (52000 * 15 ) / 100
= 7800 Br
Step 2 :
Net Price = 52000 + 7800
= 59800 Br
Hence the VAT Price is 6760 Br and Net Price is 59800 Br
Remove Tax
Solution :
GST % = 15
Amount = 52000
Step 1 :
GST Price = 52000 – (52000 * ( 100 / (100 + 15)))
GST Price = 6782 BR
Step 2 :
Net Price = 52000 – 6782
= 45218 BR
Hence the VAT Price is 2876.11 Br and Net Price is 22123.89 Br
FAQS
How much is VAT in Ethiopia?
| Actual | Previous | Unit |
|---|---|---|
| 15.00 | 15.00 | percent |
How is duty calculated in Ethiopia?
At the time of import, all taxes must be paid. Customs fees are assessed on CIF (cost, freight, and insurance) prices based on Harmonized System (HS) tariff codes and range from 0% to 35%. Based on the imported good’s CIF (Cost + Insurance + Freight), the entire amount of customs duty is calculated.
Visit our Online VAT Calculator for all the vat calculations. It includes most countries in the world like, Tanzania, Bangladesh,| Germany | Philippines | Malta
if you want to know more information about tax in Ethiopia then visit Ethiopia: Business Environment
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