VAT Calculator
VAT Amount$20.00
Gross Total$120.00
What is a VAT Calculator?
A VAT (Value Added Tax) Calculator is a financial tool that calculates the tax amount and total price including VAT for goods and services. VAT is a consumption tax added to products and services at each stage of production and distribution.
VAT calculators help you:
- Calculate Tax Amount: Determine how much VAT is included in a price
- Find Gross Total: Calculate the total price including VAT
- Reverse Calculate: Find the net price when you know the gross total
- Budget Planning: Understand the true cost of purchases including taxes
VAT rates vary by country and product type. Common rates range from 5% to 25%, with most countries having a standard rate around 15-20%. This calculator helps businesses, consumers, and accountants quickly determine VAT amounts for invoices, receipts, and financial planning.
Frequently Asked Questions
VAT is added at each stage of production, while sales tax is only added at the final point of sale. VAT is more common in Europe, while sales tax is used in the US.
Yes, if you know the gross total and VAT rate, you can calculate the net amount by dividing the gross by (1 + VAT rate/100).
No, VAT rates vary by product category. Essential items often have lower or zero VAT, while luxury items may have higher rates.