VAT calculation formula

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johnson malik 26 Aug 2022

VAT calculation formula for VAT exclusion is the following

VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents). also read how to calculate vat on gross

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