How to Add or Extract VAT from an Amount: Formulas and Examples
VAT calculations usually involve two different tasks: adding VAT to a net amount or extracting VAT from an amount that already includes it. These operations require different formulas. The LUKIK VAT Calculator uses a rate entered by the user. It does not decide which legal VAT rate applies to a particular transaction, product, service or jurisdiction. The rates below are arithmetic examples only. Net amount, VAT amount and gross amount Let: X = amount; R = VAT rate in percent. If the starting amount is net, VAT is calculated from that base and added. If the starting amount is already gross, th..