VAT and GST calculators: add or remove tax in a minute

Two questions come up just before you write an invoice: what is the total once tax is added, and how much tax is inside a price that already includes it. QuoteBill’s VAT and GST calculators answer both, in 33 languages. They are calculators, not tax advice. Adding tax to a net price Enter the net price and the rate. At 20%, a net price of 1,000.00 becomes 1,200.00, of which 200.00 is tax. (The rate in this example is only an illustration.) Taking tax out of a gross price Enter the price that includes tax and the rate. At 20%, 1,200.00 gross is 1,000.00 net and 200.00 tax. The calculator takes the tax as the gross price times the rate divided by one plus the rate, which is not the same as subtracting 20% of 1,200.00. Net and tax always add up to the gross price to the last unit, and results are rounded to the currency’s minor units, so a currency without decimals shows whole numbers. A deduction such as withholding Some invoices carry a deduction, for example withholding tax. You can add one at a rate you type yourself, and the result shows the amount payable after it. QuoteBill does not guess that rate: it depends on your contract and your country. A page for each country There is a page for each of 151 countries that has a standard rate and a source in QuoteBill’s tax data, in English, Korean, Japanese and German; in the other languages, the countries where that language is official have one. It shows the name of the tax, the standard rate, where the rate comes from and the date it was checked. A rate that rests on a secondary source says so, and a few countries carry a short caveat. On a country’s page the calculator starts from that country’s standard rate, and you can change it or reset it. What it does not cover Countries where the rate depends on a state or on what is supplied, such as the United States, Canada, India and Brazil, are left out rather than guessed. Reduced rates, exemptions and thresholds are not covered. Rates and rules change, so check the source and the date on the page. We do not build calculators for worker-status questions, such as the United States 1099 or the United Kingdom IR35. From the result to an invoice Copy the result, or go on to make an invoice in the editor. In the editor you can change the rate at any time and the totals follow. If you invoice a client abroad, the right treatment depends on what you sell and where, so read the article on invoices for a client abroad as well. Open the calculators - All tools: https://quotebill.com/en/tools/ - VAT and GST calculator: https://quotebill.com/en/tools/vat-calculator/