The amount of value added tax (VAT) is usually included in the price of the item. It is not difficult to determine it yourself if you know the applicable rates and know how to calculate the tax base. For those who doubt their abilities, there are online calculators for calculations.
Instructions
Step 1
Determine the tax rate that applies to the transactions you perform. It depends on what you are implementing. The general VAT rate is 18%, but when selling, for example, some food products and goods for children, it is 10%. You can find out which rate is applicable in your case in article 164 of the Tax Code.
Step 2
Determine your tax base. Article 153 of the Tax Code is dedicated to it. The tax base depends on the characteristics of the sale of manufactured or purchased goods. It is usually calculated based on the prices of goods indicated by the parties to the transaction.
Step 3
The easiest way to calculate VAT, if there is an amount that includes it, is as follows: imagine that the amount including VAT is 118% (if you use a tax rate of 18%). Divide this amount by 118 and multiply by 100. For example, the amount including VAT is 1000 rubles. After dividing 1000 by 118 you get approximately 8, 474. When multiplied by 100, you get approximately 847, 4. This will be the amount excluding VAT. In order to find out the VAT, it is necessary to subtract the received 847.4 from 1000. Accordingly, the VAT will be equal to 152.6 rubles.
Step 4
To charge VAT on any amount, you need to multiply this amount (tax base) by the VAT percentage rate. If the approximate amount is equal to 1000 rubles, and the rate is equal to 18%, then to calculate VAT, you will need to multiply 1000 by 18 and divide by 100. Add the received 180 rubles to 1000. Accordingly, the VAT will be equal to 180 rubles, and the amount with VAT - 1180 rubles.
Step 5
If you don't want to define online calculators. Such a calculator is available on various sites, for example, here:
