VAT Calculator

Updated on June 4, 2022

The VAT value is often offered to clients as part of marketing activities. But how can you figure out the VAT on a goods where the tax has already been factored in? If the rate is 23 percent, divide the price by 1.23, or by the equal amount if the rate is different, to get the formula. As an example, if a computer costs \$590 with VAT included, then simply enter the following value:. Is it worthwhile to accept the job offer?

If, on the other hand, you want to know how much a given item costs without VAT, all you have to do is perform the reverse procedure, which means multiplying instead of dividing. For example, if you wish to buy a tablet for \$320 excluding VAT, the calculation to use is:. There are calculators on this page for both scenarios if you’re still struggling.

Calculate VAT (included in prices)

Price incl. VAT:  \$

Percentage of VAT:  %

Calculate VAT (excluded in prices)

Price excl. VAT:  \$

Percentage of VAT:  %

INFORMATION

The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.

Categories VAT