In the examples below, or cross x means multiplication and slash, ie / divide. It is also good to remember that the percentage always refers to one hundredth, that is why, for example, 24% is equal to 24 divided by one hundred, or 0.24. Calculation of VAT on pre-tax price
For example, if the pre-tax price of 150 euros and a tax rate of 24%, calculated on the taxable price as follows: 150 million x (24% + 100%) = 150 EUR x 1.24% = 150 x 1.24 = EUR 186 million pre-tax rate for the calculation of taxable price
For example, if the taxable price is 186 euros and the tax rate of 24%, calculated on the price exclusive as follows: EUR 186 / (24% + 100%) = 186 EUR / 124% = EUR 186 / 1.24 = 150 EUR VAT in the calculation of taxable price
For example, if the taxable price is 186 euros and the tax rate was 24%, the tax amount is calculated as follows: 186 - EUR (186 EUR / (24% + 100%)) = 186 - EUR (186 EUR / 124%) = 186 - EUR (186 EUR / 1.24) = 186 EUR - 150 EUR = 36 EUR See also Tax calculator - makes all of the above calculations for you!
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