VAT Calculator
Easily add or remove Value Added Tax from any amount.
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Exclusive (Adding VAT):
VAT = Net Amount × (Rate / 100)
Gross Amount = Net Amount + VAT
Inclusive (Removing VAT):
VAT = Gross Amount × (Rate / (100 + Rate))
Net Amount = Gross Amount - VAT
Worked Examples
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Example 1: Adding 15% VAT (Bangladesh)
Net Amount: ৳1,000
VAT (15%): ৳150 (1,000 * 0.15)
Gross Amount: ৳1,150
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Example 2: Removing 20% VAT (UK)
Gross Amount: £120
VAT (20%): £20 (120 * (20/120))
Net Amount: £100
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Example 3: Adding 21% VAT (EU Average)
Net Amount: €500
VAT (21%): €105 (500 * 0.21)
Gross Amount: €605
Frequently Asked Questions
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1. What is the difference between Adding and Removing VAT?
Adding VAT calculates the tax on top of your net amount (Exclusive). Removing VAT extracts the tax portion from a total amount that already includes VAT (Inclusive).
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2. What is the standard VAT rate in Bangladesh?
The standard VAT rate in Bangladesh is 15%, though some specific goods and services may have different rates.
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3. Is VAT the same as GST?
Conceptually, they are very similar consumption taxes. Countries like India and Australia use GST (Goods and Services Tax), while others like the UK and Bangladesh use VAT.
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4. How do I remove 20% VAT?
Divide the total amount by 1.20 to get the net amount, or multiply the total by (20/120) to find the VAT amount.
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5. Does this tool support custom rates?
Yes, you can manually type any percentage into the VAT Rate input box if it's not listed in the presets.
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