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.

87 recalculated from 9% initial tax to 6% new tax = 84.61	Jan 21 05:29 UTC (GMT)
55 recalculated from 24% initial tax to 18% new tax = 52.34	Jan 21 05:28 UTC (GMT)
55 recalculated from 24% initial tax to 18% new tax = 52.34	Jan 21 05:28 UTC (GMT)
95,499 recalculated from 12% initial tax to 1.02% new tax = 86,136.69	Jan 21 05:27 UTC (GMT)
45 recalculated from 20% initial tax to 18% new tax = 44.25	Jan 21 05:27 UTC (GMT)
770 recalculated from 20% initial tax to 1% new tax = 648.08	Jan 21 05:27 UTC (GMT)
12 recalculated from 19% initial tax to 19% new tax = 12	Jan 21 05:27 UTC (GMT)
380 recalculated from 19% initial tax to 19.9% new tax = 382.87	Jan 21 05:25 UTC (GMT)
950 recalculated from 0% initial tax to 1% new tax = 959.5	Jan 21 05:25 UTC (GMT)
60,637.2 recalculated from 19% initial tax to 18% new tax = 60,127.64	Jan 21 05:24 UTC (GMT)
10,800 recalculated from 46% initial tax to 19% new tax = 8,802.74	Jan 21 05:24 UTC (GMT)
10,800 recalculated from 46% initial tax to 19% new tax = 8,802.74	Jan 21 05:24 UTC (GMT)
119.9 recalculated from 24% initial tax to 23% new tax = 118.93	Jan 21 05:24 UTC (GMT)
All the Gross Amounts Recalculated With New VAT Rates