FINANCIAL

VAT calculator

Answers the question: How much is the VAT of the sales price? What is the price before VAT is added?

Value added tax (VAT) is a tax that your business must collect from your customers on behalf of the authorities. VAT must be added to most goods and services when you sell them. The VAT rate varies from product to product and country to country. Luxembourg currently has the lowest VAT rate with a VAT rate of 17%. Hungary has the highest VAT rate with a VAT rate of 27%.

Results

Sales price excluding VAT: $ 7,920
VAT amount: $ 1,980


Our calculations

At Calculatorian, we are keen to share our knowledge, be transparent and open to feedback. Here are the calculations used to create this calculator. If you find an error or deficiency, contact us and we'll fix it in an instant!

Sales price excluding VAT was calculated like this:

VAT amount was calculated like this:

Variables used in this formula

v = VAT rate in percent
s = Sales price including VAT