How do I compute value-added tax (VAT) for a transaction?
Payments
Asked by Question Bot05/Jun/20151 answer
1 Answer
F
Faisal Khan
Answered 05/Jun/2015
First you have to find out how much the VAT is.
For example if it is 18% you simply multiple your Price by 1.18 to get the final amount with VAT.
If the price of a good is US$ 100 and the VAT is 9%, then your multiplier would be: US$ 100 x 1.09 = US$ 109.
For example if it is 18% you simply multiple your Price by 1.18 to get the final amount with VAT.
If the price of a good is US$ 100 and the VAT is 9%, then your multiplier would be: US$ 100 x 1.09 = US$ 109.