VAT is a tax that is payable by every entrepreneur and organization that sells any goods and services. Often, retail chain owners purchase goods from suppliers without VAT surcharges. And in the future, according to the law, they will have to pay this sales tax. In other words, it is unprofitable to sell a product with VAT, purchased without this margin, but it is quite possible.
It is necessary
Calculator, receipts and invoices for the purchase of goods without VAT
Instructions
Step 1
Determine the original cost of the goods. So, the goods are purchased from the supplier without VAT surcharge. Look in the relevant documents for how much it costs. Let's say the purchase cost the company 100 rubles.
Step 2
Calculate VAT on the item The item must be charged VAT at a rate of 18% of the original value of the item. Simplified tax regimes exempt the taxpayer from paying VAT on the goods sold; accordingly, he has no right to apply VAT markups. And if the company operates under VAT, management is obliged to pay the full amount of VAT. In the example above, the VAT would be:
(120 * 18%) / 100% = 21.6 rubles Thus, the VAT that was calculated on the product is equal to 21.6 rubles.
This means that the cost of the goods sold, including VAT (the cost of the goods purchased from the supplier + VAT), will be equal to:
120 + 21.6 = 141.6 rubles.
Step 3
Add the trade margin. Let the margin for this type of product be 30%. Then the final cost of the product (future proceeds from the sale of this product) is calculated as:
141.6 + 30% = 184 rubles 08 kopecks.
Step 4
List the VAT. After the sale of the goods, it will be necessary to transfer the value added tax to the budget, equated to 18%:
(184.08 * 18%) / 100% = 33 rubles 13 kopecks.
Step 5
Calculate the profit of the enterprise. The final profit of the enterprise is calculated, which is equal to the revenue minus the tax paid and the cost of the goods that were purchased from suppliers.
184.08 - 33.13 - 120 = 30 rubles 95 kopecks. Thus, the higher the product margin, the more profitable you can sell the product purchased without VAT. Those enterprises that operate under the main tax regime and pay VAT on a mandatory basis, as a rule, do not work with supplier organizations that operate on other (simplified) tax systems.
