Albania VAT Calculator

Albania TAX system was first introduced on July 1, 1996. Taxes are collected from every common person who makes goods and service supplies. Both federal and local governments impose value added tax to the public. Initially, started as 10% rate, VAT has changed over the years and now has a multi rate taxation. As of 2015, 20% tax are imposed as standard value and 10% collected on medical products.

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Albania TAX system was first introduced on July 1, 1996. Taxes are collected from every common person who makes goods and service supplies. Both federal and local governments impose value added tax to the public. Initially, started as 10% rate, VAT has changed over the years and now has a multi rate taxation. As of 2015, 20% tax are imposed as standard value and 10% collected on medical products.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Example

Find the VAT price and net price in Albania (GST % is 20) for an amount of 25000 L

Add Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = (25000 * 20 ) / 100
     = 5000 L

Step 2 :
Net Price = 25000 + 5000
     = 30000 L

Hence the VAT Price is 5000 L and Net Price is 30000 L

Remove Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 20)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20833.33
                 = 25000 - 20833.33
GST Price = 4166.67 L

Step 2 :
Net Price = 25000 - 4166.67
                = 20833.33 L

Hence the VAT Price is 4166.67 L and Net Price is 20833.33 L


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