Reverse Calculator: Extract, Take Value Added Tax, VAT, Off the Gross Amount, With Tax Included. Deduct the Tax and Calculate Net Amount, Without Tax, Backwards

Take VAT Off the Gross Amount (With Tax), Calculate Net Amount

Net Amount (Tax free value) = Gross Amount (Tax inclusive value) ÷ (1 + Tax%)

Latest operations where VAT was taken off the gross amounts.

Extract 7% tax off 65.39 Jun 27 00:21 UTC (GMT)
Extract 24% tax off 59.98 Jun 27 00:21 UTC (GMT)
Extract 36% tax off 117 Jun 27 00:20 UTC (GMT)
Extract 7% tax off 220.5 Jun 27 00:20 UTC (GMT)
Extract 7% tax off 260.65 Jun 27 00:20 UTC (GMT)
Extract 20% tax off 723.52 Jun 27 00:20 UTC (GMT)
Extract 20% tax off 3.6 Jun 27 00:20 UTC (GMT)
Extract 28% tax off 14.1 Jun 27 00:20 UTC (GMT)
Extract 18% tax off 885 Jun 27 00:20 UTC (GMT)
Extract 26% tax off 49.49 Jun 27 00:19 UTC (GMT)
Extract 20% tax off 1.31 Jun 27 00:19 UTC (GMT)
Extract 41% tax off 0.18 Jun 27 00:19 UTC (GMT)
Extract 33.3% tax off 100 Jun 27 00:19 UTC (GMT)
All the operations where VAT was taken off the gross amounts

Take the Value Added Tax (VAT) Off the Gross Amount (With Tax Included).

Calculate the Net Amount (Without Tax) Backwards.

  • Gross Amount = Net Amount + Tax Amount
  • Tax Amount = Tax% × Net Amount
  • Gross Amount = Net Amount + Tax% × Net Amount = (1 + Tax%) × Net Amount
  • In conclusion:

    Gross Amount = (1 + Tax%) × Net Amount ... if we know the Net Amount

    Net Amount = Gross Amount ÷ (1 + Tax%) ... if we know the Gross Amount

Examples of calculations:

  • If VAT was 20%, (1 + Tax%) = 1 + 20% = 100/100 + 20/100 = 120/100 = 1.2 => Gross Amount = 1.2 × Net Amount, and Net Amount = Gross Amount ÷ 1.2;
  • If VAT was 9%, (1 + TVA%) = 1 + 9% = 100/100 + 9/100 = 109/100 = 1.09 => Gross Amount = 1.09 × Net Amount, and Net Amount = Gross Amount ÷ 1.09;
  • If tax rate was 5%, (1 + Tax%) = 1 + 5% = 100/100 + 5/100 = 105/100 = 1.05 => Gross Amount = 1.05 × Net Amount, and Net Amount = Gross Amount ÷ 1.05;

VAT (Value Added Tax)

VAT is a tax charged of each economic agent involved in the business cycle of manufacturing of a product or providing a service within the scope of taxation. VAT, charged by the operators, is transferred to the state budget.

Value-added tax (VAT) is charged as a percentage of the value added at every level of production of a good. For example, a cider maker would pay a percentage of the difference between of what they charge for cider and what they pay for apples. Put differently; this is a tax on company's gross margins, rather than just the end user.

There are standard VAT rates in effect, for example the standard VAT rate could be 20%, and some reduced rates could be 10% and 5% respectively, but they depend on each country.