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

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

306 recalculated from 24% initial tax to 11% new tax = 273.92 Oct 31 17:05 UTC (GMT)
926 recalculated from 24% initial tax to 19% new tax = 888.66 Oct 31 17:04 UTC (GMT)
1,000 recalculated from 12% initial tax to 4% new tax = 928.57 Oct 31 17:02 UTC (GMT)
782 recalculated from 19% initial tax to 21% new tax = 795.14 Oct 31 17:02 UTC (GMT)
0.35 recalculated from 19% initial tax to 1% new tax = 0 Oct 31 17:02 UTC (GMT)
0.174 recalculated from 24% initial tax to 20% new tax = 0 Oct 31 17:02 UTC (GMT)
9,021 recalculated from 24% initial tax to 9% new tax = 7,929.75 Oct 31 17:02 UTC (GMT)
88 recalculated from 24% initial tax to 22% new tax = 86.58 Oct 31 17:01 UTC (GMT)
88 recalculated from 24% initial tax to 22% new tax = 86.58 Oct 31 17:01 UTC (GMT)
264 recalculated from 20% initial tax to 23% new tax = 270.6 Oct 31 17:00 UTC (GMT)
279.98 recalculated from 19% initial tax to 32% new tax = 310.57 Oct 31 16:57 UTC (GMT)
599,857.83 recalculated from 15% initial tax to 18% new tax = 615,506.3 Oct 31 16:57 UTC (GMT)
2.67 recalculated from 20% initial tax to 2% new tax = 2.27 Oct 31 16:56 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.