VAT, or value added tax, is one of the main mandatory fees paid to the budget by taxpayers who are subject to the general taxation system. The object of taxation is the sale of goods, works, services on the territory of the country. Interest rates for VAT are differentiated by the Tax Code of the Russian Federation. Tax payers are constantly faced with the need to allocate VAT in invoices.
Instructions
Step 1
In order to allocate VAT, you need to decide on the principal amount. In this situation, two options are possible:
• VAT is included in the amount, in this case it is necessary to separate VAT from it;
• VAT is not included in the amount, in this case you will need to charge VAT on it.
Step 2
To separate VAT from the amount, you need to divide the amount by (100 + tax rate) and multiply that by the tax rate. Round the result to the nearest kopecks according to mathematical rules. For example, it is necessary to allocate VAT from 250,000 rubles, the VAT rate is 18%. 250,000 / 118 * 18 = 38135, 60 (rub.)
Step 3
It is a little easier to charge VAT. In this case, we need to multiply the amount to which VAT is to be charged by the tax rate (in decimal). The result will be the tax amount, which should also be rounded up. For example, you need to charge VAT in the amount of 138,000 rubles, the tax rate is 10%. 138000 * 0, 10 = 13800 (rub.)
Step 4
If you multiply the amount to which you need to charge VAT by (1 + tax rate in decimal), then the amount received will already include tax. Using the data of the last example, we get the final result: 138000 * 1, 10 = 151800 (rub.)
