VAT: Recalculate Gross Amounts Prices (With Tax Included) From Original VAT Rates to New Ones. Calculate Net Amounts (Without Tax) and the Value Amounts of Tax

Recalculate Gross Amount (With Tax Included) with a New VAT Rate

Gross Amount = Net Value × (1 + Tax%)

Net Amount = Gross Amount ÷ (1 + Tax%)

The Latest Gross Amounts Recalculated With New VAT Rates

46.25 recalculated from 20% initial tax to 16% new tax = 44.71 Jul 29 13:01 UTC (GMT)
3,540 recalculated from 19% initial tax to 16% new tax = 3,450.76 Jul 29 13:01 UTC (GMT)
302 recalculated from 24% initial tax to 40% new tax = 340.97 Jul 29 12:58 UTC (GMT)
34.16 recalculated from 20% initial tax to 7% new tax = 30.46 Jul 29 12:58 UTC (GMT)
714 recalculated from 3% initial tax to 21% new tax = 838.78 Jul 29 12:58 UTC (GMT)
32,000 recalculated from 24% initial tax to 20% new tax = 30,967.74 Jul 29 12:58 UTC (GMT)
1,263,000 recalculated from 12.5% initial tax to 7% new tax = 1,201,253.33 Jul 29 12:58 UTC (GMT)
0.148 recalculated from 24% initial tax to 16% new tax = 0 Jul 29 12:57 UTC (GMT)
204 recalculated from 6% initial tax to 24% new tax = 238.64 Jul 29 12:57 UTC (GMT)
956 recalculated from 24% initial tax to 18% new tax = 909.74 Jul 29 12:57 UTC (GMT)
377 recalculated from 24% initial tax to 14% new tax = 346.6 Jul 29 12:57 UTC (GMT)
990 recalculated from 32% initial tax to 14% new tax = 855 Jul 29 12:57 UTC (GMT)
42,480 recalculated from 20% initial tax to 15% new tax = 40,710 Jul 29 12:57 UTC (GMT)
All the Gross Amounts Recalculated With New VAT Rates

Recalculate Gross Amounts (With Tax Incuded) With New VAT Rates

Step 1: Calculate the Net Amount (Without Tax)

  • Initial Gross Amount = Net Amount + Initial Tax Amount
  • Initial Tax Amount = Initial Tax% × Net Amount
  • Initial Gross Amount = Net Amount + Initial Tax% × Net Amount = (1 + Initial Tax%) × Net Amount
  • Initial Gross Amount = (1 + Initial Tax%) × Net Amount

    In conclusion:

    Net Amount = Initial Gross Amount ÷ (1 + Initial Tax%) =

Step 2: Add the New Tax Amount to the Net Amount

  • New Gross Amount = Net Amount + New Tax Amount
  • New Tax Amount = New Tax% × Net Amount
  • New Gross Amount = Net Amount + New Tax% × Net Amount = (1 + New Tax%) × Net Amount
  • In conclusion, New Gross Amount = (1 + New Tax%) × Net Amount = (1 + New Tax%) × Initial Gross Amount ÷ (1 + Initial Tax%) = (1 + New Tax%)/(1 + Initial Tax%) × Initial Gross Amount

    New Gross Amount = (1 + New Tax%)/(1 + Initial Tax%) × Initial Gross Amount

Examples of calculations:

  • Case 1: Initial Tax Rate = 20%, New Tax Rate = 19%

    Step 1, Calculate Net Amount:
    (1 + Initial Tax%) = 1 + 20% = 100/100 + 20/100 = 120/100 = 1.2 => Initial Gross Amount = 1.2 × Net Amount, and Net Amount = Initial Gross Amount ÷ 1.2

    Step 2, Add the New Tax Amount:
    New Gross Amount = (1 + New Tax%) × Net Amount = (1 + 19%) × Net Amount = (100/100 + 19/100) × Net Amount = 119/100 × Net Amount = 1.19 × Net Amount = 1.19 × Initial Gross Amount ÷ 1.2 = 1.19/1.2 × Initial Gross Amount
    Answer: New Gross Amount = (1.19 ÷ 1.2) × Initial Gross Amount
  • Case 2: Initial Tax Rate = 20%, New Tax Rate = 5%

    Step 1, Calculate Net Amount:
    (1 + Initial Tax%) = 1 + 20% = 100/100 + 20/100 = 120/100 = 1.2 => Initial Gross Amount = 1.2 × Net Amount, and Net Amount = Initial Gross Amount ÷ 1.2

    Step 2, Add the New Tax Amount:
    New Gross Amount = (1 + New Tax%) × Net Amount = (1 + 5%) × Net Amount = (100/100 + 5/100) × Net Amount = 105/100 × Net Amount = 1.05 × Net Amount = 1.05 × Initial Gross Amount ÷ 1.2 = 1.05/1.2 × Initial Gross Amount
    Answer: New Gross Amount = (1.05 ÷ 1.2) × Initial Gross Amount.