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To add tax to a price, multiply the net price by (1 + tax rate/100). To remove tax from a total (gross) price, divide the total by (1 + tax rate/100). For example, at a 20% VAT rate, $100 net becomes $120 gross, and $120 gross is $100 net.
Instantly find the tax amount or remove tax from a price.
Formula:
Add: Gross = Net * (1 + Rate), Remove: Net = Gross / (1 + Rate)Add 20% VAT to $100.
Result: $120.00 total. $20.00 tax.
Remove 15% GST from $230.
Result: $200.00 net. $30.00 tax.
VAT is collected at every stage of production, while Sales Tax is only collected at the final point of sale to the consumer.
Divide the total amount by 1 plus the VAT rate. For 20% VAT: Total / 1.20.
Goods and Services Tax (GST) is another name for VAT used in countries like Australia, Canada, and India.
VAT (Value Added Tax) is a consumption tax placed on a product whenever value is added at each stage of the supply chain. Sales tax is typically a one-time tax charged at the point of purchase by the end consumer. Common global VAT rates: UK (20%), Germany (19%), Turkey (20%), China (13%). Tax-exempt items often include basic groceries, medical supplies, and educational materials.
The tax amount (Y-axis) increases linearly with the Net Price (X-axis). Because the tax is a fixed percentage, the higher the price, the larger the absolute tax burden, affecting lower-income consumers disproportionately (regressive tax nature).
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