How it works
Gross = net × (1 + rate). Net = gross ÷ (1 + rate).
Switch between adding VAT and extracting VAT from a tax-inclusive amount.
Amount including VAT.
Gross = net × (1 + rate). Net = gross ÷ (1 + rate).
When adding VAT, the main result is the tax-inclusive price. When extracting VAT, it is the price before tax. The breakdown always separates the net amount, VAT and gross amount.
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VAT is a consumption tax added to many goods and services.