VAT: Recalculate Gross Amounts (With Tax Included) With New VAT Rates

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

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%) =

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

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.

83 recalculated from 19% initial tax to 24% new tax = 86.49	Mar 31 07:36 UTC (GMT)
2,022,245.26 recalculated from 36% initial tax to 14.6% new tax = 1,704,039.02	Mar 31 07:36 UTC (GMT)
1,090.56 recalculated from 20% initial tax to 19% new tax = 1,081.47	Mar 31 07:36 UTC (GMT)
948 recalculated from 0% initial tax to 19% new tax = 1,128.12	Mar 31 07:32 UTC (GMT)
60,000 recalculated from 5% initial tax to 3% new tax = 58,857.14	Mar 31 07:30 UTC (GMT)
9,583.33 recalculated from 20% initial tax to 5% new tax = 8,385.41	Mar 31 07:25 UTC (GMT)
8,325 recalculated from 19% initial tax to 22% new tax = 8,534.87	Mar 31 07:24 UTC (GMT)
5.84 recalculated from 19% initial tax to 18% new tax = 5.79	Mar 31 07:23 UTC (GMT)
3.99 recalculated from 24% initial tax to 22% new tax = 3.93	Mar 31 07:22 UTC (GMT)
872 recalculated from 24% initial tax to 19% new tax = 836.84	Mar 31 07:17 UTC (GMT)
369 recalculated from 20% initial tax to 19% new tax = 365.93	Mar 31 07:16 UTC (GMT)
100 recalculated from 13% initial tax to 0% new tax = 88.5	Mar 31 07:16 UTC (GMT)
260 recalculated from 24% initial tax to 19% new tax = 249.52	Mar 31 07:15 UTC (GMT)
All the Gross Amounts Recalculated With New VAT Rates