Formulas and practical examples for calculating TVA in Cameroon
Calculating TVA is a simple and quick operation that can be done in a few seconds. But not everyone knows how to add and subtract percentages for this. The mistakes made when calculating TVA are always the same, although these are easy to avoid with the proper formulas.
It is essential to clarify certain points, to avoid preventable errors when calculating the total amount of a bill. These are the data you need to know to calculate TVA accurately and simply.
How to calculate TVA in Cameroon step by step (19.25%)
In some stores or web portals, you may find prices with the comment "TVA not included". This means that it is not the final price, and that to that price you will have to add the cost of TVA to obtain the total to pay.
Formula to calculate TVA on a price without TVA
To calculate TVA in this case, the following formula must be used:
Practical example of calculating TVA at 19.25%
That is, if you have a product whose value is FCFA 1,200 without TVA and with a 19.25% of TVA, the formula would be as follows:
The price of the item must be multiplied by the TVA percentage, and that number divided by 100. In this case it would give FCFA 231. Then the amount of TVA would be FCFA 231.
Another alternative would be to divide 19.25% by 100, giving 0.193 as a result, and this being multiplied by FCFA 1,200, resulting in FCFA 231 in the same way.
To finish, you must add the base price of the product, for example, FCFA 1,200, plus the calculated TVA of FCFA 231, giving a final result of FCFA 1,431.
How to remove TVA from a price with TVA included?
How to know the price without TVA of a product
The opposite situation may also arise, where you want to remove the TVA. This occurs when the price tag shows one, but with the comment that the TVA is included. Knowing the net price of the product could be a totally valid question to have.
Formula to remove TVA from a final price
This can be answered by applying the formula of:
Example to remove TVA from 19.25%
In this case the FCFA 1,431 of the total product price would be divided by 1.193. Giving the following result:
In summary, if you have a TVA of 19.25% these are the operations to perform:
- FCFA 1,200 × 0.193 = FCFA 231 (To calculate TVA on prices that do not have it)
- FCFA 1,200 × 1.193 = FCFA 1,431 (To calculate the total price with TVA included)
- FCFA 1,431 ÷ 1.193 = FCFA 1,199.497066 (To calculate the price without TVA)
TVA Calculator in Cameroon: fast and accurate
While learning how to calculate TVA is very helpful, when dealing with more complex figures and needing maximum confidence in the results, a TVA calculator will be the most accurate option to use.
Use our TVA calculator to get instant results and greatly simplify your calculations. You don't need to complicate yourself with mathematical operations when you can do them automatically with this calculator.
Common mistakes when calculating TVA
Confusing price with TVA included
Applying the percentage incorrectly
Not distinguishing types of TVA
Frequently Asked Questions about the TVA Calculator in Cameroon
What is TVA and who pays it?
TVA is an indirect tax that levies the consumption of goods and services and is paid by the final consumer when making a purchase. TVA (Value Added Tax), also known as VAT or GST in other countries, is applied at each stage of the commercial chain. Companies collect it and declare it to the tax authority, but the final cost always falls on the consumer. The percentage and application rules depend on the legislation of each country.
How to use the TVA calculator step by step?
To use a TVA calculator you only need to enter the amount, select the percentage and choose whether the price includes TVA or not. Once these data are entered, the calculator automatically shows the tax amount, the final price with TVA and the price without TVA. This process is valid for any country as long as the correct percentage is used.
Is the calculator reliable for large amounts?
Yes, a TVA calculator is reliable for any amount, as it uses standard mathematical formulas. The accuracy does not depend on the amount entered, but on the percentage applied. For official tax operations or professional invoicing, it is recommended to verify the results with a specialized advisor.
Where to check the official TVA rates?
Official rates and their updates should be consulted in the official sources of the government or tax entity of Cameroon; the calculator recommends verifying the rates on the official website when there are doubts.
Can I calculate the TVA of other countries?
Yes, you can calculate the TVA of any country by manually entering the corresponding percentage. This is useful for international purchases, e-commerce or price comparisons. It is important to note that each country may apply specific rules or taxes equivalent to TVA.