Accurately manage your VAT calculations with our Add and Subtract VAT Calculator. Quickly calculate VAT for any amount with ease.
VAT Calculator
ADD VAT
DEDUCT VAT
HOW IS IT CALCULATED
Adding VAT: VAT (Value-Added Tax) is calculated by multiplying the price of a good or service by the VAT rate. For example, if the VAT rate is 20% and the price of a good is €100, the VAT would be €20 (€100 x 0.2). This means that the total cost of the good including VAT would be €120 (€100 + €0).
Deducting VAT: To calculate the VAT exclusive price (also known as the net price) from the VAT inclusive price, we need to use the following formula: VAT exclusive price = VAT inclusive price / (1 + (VAT rate / 100)). For example, if the VAT inclusive price is €120 and the VAT rate is 20%: VAT exclusive price = €120 / (1 + (20 / 100)) = 120 / 1.2 = €100. In this case, the VAT-exclusive price is 100 euros. And the VAT amount is €20 (120 – 100).
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