Add or remove tax from your prices instantly. Perfect for invoices, receipts, and financial planning.
Value Added Tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
Used when you have a Net price and need to charge the customer the final Gross price.
Used when you have a receipt with the Total price and need to find the taxable amount.
Gross = Net + (Net * Rate/100)
Net = Gross / (1 + Rate/100)