About VAT Calculator
Our comprehensive VAT Calculator is an essential tool for businesses, accountants, freelancers, and shoppers dealing with Value Added Tax calculations. VAT (Value Added Tax), also known as GST (Goods and Services Tax) in some countries, is an indirect consumption tax applied to goods and services. This calculator handles both forward calculations (adding VAT) and reverse calculations (extracting VAT). Formulas Used: Adding VAT: Gross Amount = Net Amount × (1 + (VAT Rate / 100)) VAT Amount = Net Amount × (VAT Rate / 100) Subtracting VAT: Net Amount = Gross Amount / (1 + (VAT Rate / 100)) VAT Amount = Gross Amount - Net Amount Whether you are preparing invoices or reconciling receipts, this tool provides instant, accurate calculations.