VAT Calculator Reverse
Learn the step-by-step process for How to Calculate VAT Reverse.
Check 5% Vat Calculator
Reverse Vat Calculation is a bit tricky
The calculator will automatically detect SA’s vat rate for calculation once you’ve selected the country tab. Also, rates are updated regularly. But if you want to make any changes, you may edit the default rate accordingly.
Reverse Vat Calculator
Calculate VAT Formula for 15%
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
[/su_panel]Example
Find the VAT price and net price in SA (GST % is 15) for an amount of 30000 ZAR
Add Tax
Solution :
GST % = 15
Amount = 30000
Step 1 :
GST Price = (30000 * 15 ) / 100
= 4500 ZAR
Step 2 :
Net Price = 30000 + 4500
= 44500 ZAR
Hence the VAT Price is 4500 ZAR, and Net Price is 44500 ZAR
Remove Tax
Solution :
GST % = 15
Amount = 30000
Step 1 :
GST Price = 30000 – (30000 * ( 100 / (100 + 15)))
GST Price = 3913 ZAR
Step 2 :
Net Price = 30000 – 3913
= 26087 ZAR
Hence the VAT Price is 3913 Zar and Net Price is 26087 ZAR
Here is a list of all our VAT Calculator. It includes most countries in the world.