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    Vat & Tax Calculator

    Uploaded by

    Roy
    The document contains information about calculating taxes and value-added tax (VAT) for different types of bills. It provides formulas for determining the base amount, VAT amount, tax amount, and net payment for bills that have taxes and/or VAT included or excluded in the bill amount. Tables show examples of applying the formulas to sample bills and calculating the respective values.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Vat & Tax Calculator

    Uploaded by

    Roy
    45 views6 pages
    The document contains information about calculating taxes and value-added tax (VAT) for different types of bills. It provides formulas for determining the base amount, VAT amount, tax amount, and net payment for bills that have taxes and/or VAT included or excluded in the bill amount. Tables show examples of applying the formulas to sample bills and calculating the respective values.

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

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    The document contains information about calculating taxes and value-added tax (VAT) for different types of bills. It provides formulas for determining the base amount, VAT amount, tax amount, and net payment for bills that have taxes and/or VAT included or excluded in the bill amount. Tables show examples of applying the formulas to sample bills and calculating the respective values.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    45 views6 pages

    Vat & Tax Calculator

    Uploaded by

    Roy
    The document contains information about calculating taxes and value-added tax (VAT) for different types of bills. It provides formulas for determining the base amount, VAT amount, tax amount, and net payment for bills that have taxes and/or VAT included or excluded in the bill amount. Tables show examples of applying the formulas to sample bills and calculating the respective values.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Base Amount

    Bill Amount (Net Payment


    with Tax)
    Bill with VAT &
    TAX "inclusive" 10266.7 9777.8
    Bill with TAX
    "inclusive" & VAT 9226.0 9226.0
    "exclusive"
    Bill with VAT &
    TAX "exclusive" 350.0 368.4

    Bill with VAT & TAX "inclusive"

    𝑉𝑎𝑡𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=(𝐵𝑖𝑙𝑙 𝐴𝑚𝑜𝑢𝑛𝑡×𝑉𝑎𝑡 𝑅𝑎𝑡𝑒(𝑁𝑜%))/((100+𝑉𝑎𝑡 𝑅𝑎𝑡𝑒))

    Base Amount =(𝐵𝑖𝑙𝑙 𝐴𝑚𝑜𝑢𝑛𝑡 −𝑉𝑎𝑡𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡)


    T𝑎𝑥𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=(𝐵𝑎𝑠𝑒 𝐴𝑚𝑜𝑢𝑛𝑡×𝑇𝑎𝑥 𝑟𝑎𝑡𝑒%)
    𝑁𝑒𝑡 𝑃𝑎𝑦𝑚𝑒𝑛𝑡=(𝐵𝑎𝑠𝑒 𝐴𝑚𝑜𝑢𝑛𝑡 −𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡)
    Net Payment
    Vatable Taxable
    Gross Amount (Without Tax Vat Rate Tax Rate
    Amount Amount
    and Vat)

    10266.7 9484.5 5.0 3.0 488.9 293.3

    9918.0 8949.2 0.0 3.0 692.0 276.8

    405.3 350.0 10.0 5.0 36.8 18.4

    Bill with TAX "inclusive" & VAT "exclusive" Bill with VAT & TAX "exclusive"
    𝐵𝑖𝑙𝑙 𝐴𝑚𝑜𝑢𝑛𝑡=𝑁𝑒𝑡 𝑃𝑎𝑦𝑚𝑒𝑛𝑡
    𝐵𝑖𝑙𝑙 𝐴𝑚𝑜𝑢𝑛𝑡=𝐵𝑎𝑠𝑒 𝐴𝑚𝑜𝑢𝑛𝑡 𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=(𝑁𝑒𝑡 𝑝𝑎𝑦𝑚𝑒𝑛𝑡×𝑇𝑎𝑥 𝑟𝑎𝑡𝑒)/((100−𝑇𝑎𝑥 𝑟𝑎𝑡
    𝑉𝑎𝑡𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=(𝐵𝑎𝑠𝑒 𝑎𝑚𝑜𝑢𝑛𝑡×𝑉𝑎𝑡 𝑟𝑎𝑡𝑒 %)
    𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=(𝐵𝑎𝑠𝑒𝑎𝑚𝑜𝑢𝑛𝑡×𝑇𝑎𝑥 𝑟𝑎𝑡𝑒%) 𝐵𝑎𝑠𝑒 𝑉𝑎𝑙𝑢𝑒=(𝑁𝑒𝑡 𝑝𝑎𝑦𝑚𝑛𝑒𝑡+𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝑎𝑚𝑜𝑢𝑛𝑡)
    𝑁𝑒𝑡 𝑃𝑎𝑦𝑚𝑒𝑛𝑡=(𝐵𝑎𝑠𝑒 𝐴𝑚𝑜𝑢𝑛𝑡−𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡) 𝑉𝑎𝑡𝑎𝑏𝑙𝑒 𝐴𝑚𝑜𝑢𝑛𝑡=𝐵𝑎𝑠𝑒 𝑉𝑎𝑙𝑢𝑒×𝑉𝑎𝑡 𝑟𝑎𝑡𝑒%
    AX "exclusive"

    𝑥 𝑟𝑎𝑡𝑒)/((100−𝑇𝑎𝑥 𝑟𝑎𝑡𝑒))

    𝑡+𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝑎𝑚𝑜𝑢𝑛𝑡)
    𝑙𝑢𝑒×𝑉𝑎𝑡 𝑟𝑎𝑡𝑒%
    Vat & Tax Finder:
    Gross Payment
    TAX
    VAT
    Total Amount

    2847

    24747
    Vat & Tax Checker:
    21,900 Total Amount
    10 2,433 VAT
    3 730 TAX
    25,063 Gross Payment

    3,163
    Vat=(Total
    Amount)/((100+Vat)∗Vat)

    Tax=((Total Amount −Vat))/(Tax


    %)

    Gross Payment={Total Amount -(Vat+Tax)}


    6,077
    10.0 552
    6.0 331
    5,193

    +Vat)∗Vat)

    unt −Vat))/(Tax

    {Total Amount -(Vat+Tax)}

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