Calculate TVA in Cameroon
- Price excl. TVA:
- FCFA 0
- TVA 19.25%
- FCFA 0
- Total incl. TVA:
- FCFA 0
Calculate Value Added Tax (TVA 19.25%) 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 that are made when calculating a TVA are always the same, although these are easy to avoid with the right formulas.
It is essential to clarify certain points, so as not to fall into avoidable mistakes when calculating the total amount of an account. These are the data to know in order to calculate the TVA correctly and simply.
What is TVA?
Value Added Tax or TVA is a tax levied on the sale of goods or services. TVA is charged through the production and distribution chain, so that at the end of the chain, consumers are the ones who pay it.
To determine the TVA it is necessary to consider the selling price of the product or service offered, and also a specific percentage to obtain the final TVA cost. The percentage to be charged varies depending on the product or service in question. It also depends on the social demands of the countries involved.
The standard rates are usually imposed on the purchase of general goods and services, while the lower rates are usually for basic necessities or foodstuffs. For example, a smartphone may have a TVA of 19.25%, which would be the standard TVA;
How to calculate the TVA included?
In some stores or web portals you will see prices with the comment "TVA not included". This means that this is not the final price, and that to this price you will have to add the TVA cost to obtain the total to be paid.
The following formula should be used to calculate the TVA in this case:
That is, if you have a microphone worth FCFA 1,200 without TVA and with 19.25% TVA, the formula would look like this:
The price of the item should be multiplied by the TVA percentage, and that number divided by 100. In this case it would give FCFA 231. So the TVA amount would be FCFA 231.
Another alternative would be to divide 19.25% by 100, resulting in 0.1925 and multiply this by the FCFA 1,200, resulting in FCFA 231 in the same way.
To finish, the FCFA 1,200 microphone price plus the calculated TVA must be added, giving a final result of FCFA 1,431.
How to calculate a price without TVA included?
The opposite situation can also arise, where you want to remove the TVA. This happens when on the price tag one is given, but with the comment that TVA is included. Knowing the net price of the product could be a totally valid question to have.
This can be answered by applying the formula of:
In this case the FCFA 1,431 total price of the microphone would be divided by 1.1925. Resulting in the following: FCFA 1,200
In summary, if you have a TVA of 19.25%, these are the operations to perform:
- FCFA 1,200 × 0.1925 = FCFA 231 (To calculate TVA on prices without TVA)
- FCFA 1,200 × 1.1925 = FCFA 1,431 (To calculate the total price including TVA)
- FCFA 1,431 ÷ 1.1925 = FCFA 1,200 (To calculate the price without TVA)
The best formula for calculating TVA in the Cameroon
Although learning how to calculate the TVA is a great help, when dealing with more complex figures and needing maximum security in the results, a TVA calculator will be the best option to use.
Use our TVA calculator to get instant results and simplify your calculations even more. You don't need to complicate mathematical operations when you can do them in an automated way with this calculator.