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.

882 recalculated from 19% initial tax to 12% new tax = 830.12	Apr 14 11:23 UTC (GMT)
12,903,240 recalculated from 18% initial tax to 5% new tax = 11,481,696.61	Apr 14 11:23 UTC (GMT)
110,000 recalculated from 20% initial tax to 6% new tax = 97,166.67	Apr 14 11:23 UTC (GMT)
61,622,384,852 recalculated from 18% initial tax to 3% new tax = 53,789,030,845.39	Apr 14 11:22 UTC (GMT)
280 recalculated from 24% initial tax to 21% new tax = 273.23	Apr 14 11:22 UTC (GMT)
61,622,384,852 recalculated from 18% initial tax to 3% new tax = 53,789,030,845.39	Apr 14 11:22 UTC (GMT)
718 recalculated from 24% initial tax to 20% new tax = 694.84	Apr 14 11:22 UTC (GMT)
438 recalculated from 5% initial tax to 7% new tax = 446.34	Apr 14 11:21 UTC (GMT)
72.33 recalculated from 19% initial tax to 20% new tax = 72.94	Apr 14 11:21 UTC (GMT)
38 recalculated from 24% initial tax to 21% new tax = 37.08	Apr 14 11:19 UTC (GMT)
38 recalculated from 24% initial tax to 21% new tax = 37.08	Apr 14 11:19 UTC (GMT)
444 recalculated from 10% initial tax to 23% new tax = 496.47	Apr 14 11:18 UTC (GMT)
230 recalculated from 19% initial tax to 9% new tax = 210.67	Apr 14 11:17 UTC (GMT)
All the Gross Amounts Recalculated With New VAT Rates