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Calculate VAT on an amount

We have created a VAT calculator on our website that you can use very easily. You can add VAT to the amount or remove VAT from the amount.

How to calculate VAT? To do so, you have to calculate it using the corresponding formula.

First, you have to divide that 15%, which is the VAT percentage, by 100%. After doing the math, this totals a result of 0.15. For clarity:

**
VAT% = 15% / 100%
= 0.15 **

Next, you have to multiply the selling price, known as the taxable base, with the VAT percentage. For example: R 1 680,50 (which is the taxable amount) times 0.15 (the result of the above formula). This equals R 252,07 (VAT amount). The formula looks like this:

**
VAT amount = taxable base * VAT (15%)
**

**
R 1 680,50 * 0.15 = R 252,07 **

This is the total price with VAT: R 1 680,50 + R 252,07 = R 1 932,57

How to add VAT to a price? There is a simple, effective, and quick way that will
help you to calculate the total amount or cost of VAT. This is another formula
that is quite well known. It consists of adding a one to the result of the
percentage of the tax that we detailed previously. That is to say:
**
1 + 0.15 = 1.15 **.

This must be multiplied with the taxable base or sales price, following the example would be R 1 680,50. After performing the mathematical operation, you will see that this will result in a cost with VAT already included (total amount). Which means R 1 932,57, the formula looks like this:

**
VAT total amount = R 1 680,50 *
1.15 = R 1 932,57 **

How to remove VAT? You must divide the total amount to be charged to the final consumer with the VAT percentage. If the total amount is R 1 680,50 and the tax commission is 15%, this formula will give you this:

**
Taxable income = Total amount / VAT (15%)
**

**
R 1 680,50 / 1.15 =
R 1 461,30 **

Calculate the taxable base: In the opposite case, that is to say, if you only have the total cost of the tax, you must perform another formula to know the taxable base. It simply consists of dividing the amount of the tax by 0.15, which is the corresponding percentage to charge.

In other words, if the VAT amount is R 219,20 -as applied- you have to divide it by 0.15. You can see it better in this next formula:

**
Taxable income = VAT amount / VAT (15%)
**

**
R 219,20 / 0.15 =
R 1 461,30 **

This means that the cost of sale excluding VAT is R 1 461,30.