The amount of value added tax is charged depending on the specific type of product and differs at the corresponding percentage rate. This type of tax is indirect, since it is not levied on the producer, but on the consumer of goods or services. In other words, this amount is added to the price at which the product is sold.
Instructions
Step 1
Find out the VAT percentage for this type of product. For 2012, there are three levels of interest rates: 0%, 10% and 18%. 0 percent, i.e. no value added tax, applied when selling goods or services going for export or transit through the territory of the country. These are products passing through the free customs zone, as well as works and services related to its production, including the carriage of passengers or baggage.
Step 2
The 10% rate for calculating VAT is used for the sale of socially important services and categories of goods, which are indicated in the list of Article No. 164 of the Tax Code. In addition, these are periodicals, with the exception of erotic or advertising magazines, educational and scientific books, medicines and other medical products.
Step 3
An 18% rate is applied to tax all other goods and services, including: gratuitous transfer / provision, construction and installation work for own consumption, import of goods into the customs territory of the country, etc.
Step 4
Calculating the amount of value added tax is one of four economic tasks for interest: calculating VAT, calculating the amount with VAT, the amount without VAT and separating VAT from the total amount. This diversity is explained by the difference in the parties involved in the calculation: sellers, buyers, tax authorities.
Step 5
Let's say you selected a rate of 18%. A simple calculation of VAT is made according to the formula VAT = S • 18% = S • 18/100, where S is the taxable amount. To calculate the amount including VAT, first calculate the total amount including tax: S1 = S + S • 18/100 = S • (1 + 18/100) = S • 1, 18.
Step 6
Calculate the amount without VAT, for which the first step is to find out the total amount without tax, using the formula of the previous step: S = S1 / 1, 18. Separate the amount of VAT from the total, for which subtract the amount without tax from it, namely: VAT = S1 - S = S1 - S1 / 1, 18 = S1 • (1 - 1/1, 18). Calculations for a rate of 10% are performed in a similar way.
