Business people should not miss How to calculate Value Added Tax (VAT)
Business people should not miss How to calculate Value Added Tax (VAT)
Type 1 In the case of tax segregation
Take the pre-tax balance number to add tax, for example.
Total before tax 1,680 - 5% (discount) = 1,596
VAT 1,596 x 7 = 111.72
Total net 1,596 + 111.72 = 1,707.72
* If this is the case, we will know the balance before tax *
Type 2 Tax Included
To multiply the total number of the total tax amount before the total net amount, for example.
Total tax 2,568 - 5% (discount) = 2,439.6
VAT 2,439.6 x 7/107 = 159.6
Total net 2,439.6 + 159.6 = 2,599.2
*If this is the case, we will know the total amount of the total tax*
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