VAT Calculator Philippines | Compute Your VAT at PH 12% Rate Now

ByShane Watson
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₱

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RESULT

VAT Rate 12%

Calculation Based On ₱0

Operation ADD

VAT Amount ₱0

Gross Amount ₱0

RESULT

VAT Rate 12%

Calculation Based On ₱0

Operation REMOVE

VAT Amount ₱0

Net Amount ₱0

The standard VAT Rate is 12%. Now you can compute the VAT bill with our VAT Calculator Philippines.

VAT Calculator Philippines

VAT Philippines Computation

Currently, in the Philippines, the standard VAT rate is 12%. VAT is like a tax added to the price of goods or services. In the Philippines, there are three different VAT rates: a standard rate of 12%, a higher rate of 18%, and a zero-rated VAT.
 
Some things are not charged VAT. For example, educational services (like school fees), bank services (such as ATM fees), imports (when things are brought into the country), certain house sales and rentals, and the sale of agricultural goods like rice, seeds, corn grits, and fertilizers.
 
The Philippines started using VAT in 1988 through something called Executive Order 273. But at that time, only a few things had VAT added to their prices.

Vat Calculator Philippines Ph

How to calculate vat on our Philippines calculator
  • Select your country; the vat calculator will automatically detect the updated Philippines vat rate
  • Enter the amount
  • Add Tax or Remove Tax
  • Press the calculate button to see the result

How to calculate 12% VAT Philippines

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 Nepal (GST % is 12) for an amount of 30000  ₱

Add Tax

Solution :
GST % = 12
Amount = 30000

Step 1 :
GST Price = (30000 * 12 ) / 100
=  3600 ₱

Step 2 :
Net Price = 30000 + 3600
= 33600  ₱

Hence the VAT Price is 3600 ₱ and Net Price is 33600  ₱

Remove Tax

Solution :
GST % = 12
Amount = 30000

Step 1 :
GST Price = 30000 – (30000 * ( 100 / (100 + 12)))
= 30000 – (30000 * 0.88)
= 30000 – 26400
GST Price = 3600  ₱

Step 2 :
Net Price = 30000 – 3600
= 26400 ₱

Hence the VAT Price is 3600  ₱ and Net Price is 26400  ₱

Different VAT Tariffs in the Ph:

The Different VAT Tariffs that are currently applicable in the Philippines are:

The standard rate of 12%:

This is applied to all products and services that are taxable. Some of the supplies that are liable to this 12% VAT rate are:

  • Barter
  • Sale
  • Lease or Use of Properties in the course of business or trade-in Philippines and other sales of services
  • Imports
  • Exchange of Properties or Goods in the course of business or trade in the Philippines

The Higher rate of 18%:

This is applied as an “Amusement Tax” on bars, nightclubs, cabarets, etc.

Zero-Rated VAT:

Zero-rated VAT is applied to some services, for instance:

  • Exports
  • Sale of some agricultural goods in addition to their import
  • Domestic Gas
  • Passenger Transport
  • Water
  • Insurance
  • Financial Services
  • Real Estate
  • Books
  • Medical Supplies
  • Newspapers
  • Renewable Energy
  • Passenger Transport
  • International Shipping

Goods and Services Exempted from VAT in the Philippines:

Some several products and services are exempted from VAT in the Philippines, for instance:

  • Some Residential Sales
  • Certain Residential Leases
  • Employment
  • Educational Services
  • Sale of Agricultural goods such as rice, seeds, corn grits, fertilizers, etc.
  • Import of Agricultural goods such as rice, seeds, corn grits, and fertilizers.
  • Books’ Sale
  • Newspapers’ Sale
  • Fuel Imports
  • Bank Services

Check How Much VAT is Exempted on Online TNT SIM Registration Link.

Also visit VAT Calculator South Africa

FAQs:

Q: Does the Philippines charge 12% VAT?

Yes, VAT is charged in the Ph. The standard rate of VAT is 12%. There is also a higher rate of 18% along with zero-rated VAT. Furthermore, some products and services are exempted from VAT.

Q: When was VAT introduced in the Philippines?

The Philippines got introduced VAT in 1988 through Executive Order 273. But at that time, only a limited number of goods and services were covered by it.

Q: Is Rice VAT exempt in the Philippines?

Yes, Rice is exempted from VAT in the Philippines. There are also other exemptions, for instance, agricultural goods’ imports and sales, educational services, books sales, Newspapers sales, Fuel Imports, Bank services, etc.

Q: Who pays VAT in the Philippines, the seller or the buyer?

The Seller charges the VAT while the buyer pays the VAT. The Seller then collects the VAT, paid by the buyer, and pays it to the Government.

Q: Do the Philippines have a reduced VAT Rate?

No, the Philippines doesn’t have a reduced VAT rate. But it does have a higher vat rate of 18%. Additionally, some products and services are charged zero-rated VAT, while some are exempted from VAT.

How to compute vat Philippines

To compute VAT in the Philippines, multiply the taxable amount by the current VAT rate, then add the resulting value to the original amount.

12% Vat Philippines is a very handy tool, do your task with a few clicks. 

Read More: How to check 600 plus VAT

Here is a list of all our online VAT Calculator. It includes most countries in the world like, Ireland, Bangladesh, Germany, | Malta

While the VAT Calculator Philippines is an excellent tool for quickly determining the amount of VAT to be added or deducted from a price, students and professionals may also find the GWA Calculator useful for calculating their General Weighted Average, which is crucial for academic and career planning. Both calculators serve as essential resources for financial and academic calculations in the Philippines.

 

Shane Watson
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