VAT Calculator Argentina

Argentinian value added tax is collected at a standard rate of 21 %. The tax is collected at every stage of manufacturing and distribution process. However it is enough for the citizens to pay tax only on the value added.
There is a reduced tax amount of 10.5 % for certain goods and services including sales and import of cattle or sheep, import of fruits and vegetables under certain conditions, etc...

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Argentinian value added tax is collected at a standard rate of 21 %. The tax is collected at every stage of manufacturing and distribution process. However it is enough for the citizens to pay tax only on the value added.
There is a reduced tax amount of 10.5 % for certain goods and services including sales and import of cattle or sheep, import of fruits and vegetables under certain conditions, etc...

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

There is also increased tax of 27 % for certain services including telecommunication services, few other services. Some services are also exempted from VAT.

Example

Find the VAT price and net price in Argentina (GST % is 21) for an amount of 25000 $

Add Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = (25000 * 21 ) / 100
     = 5250 $

Step 2 :
Net Price = 25000 + 5250
     = 30250 $

Hence the VAT Price is 5250 $ and Net Price is 30250 $

Remove Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 21)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20661.16
                 = 25000 - 20661.16
GST Price = 4338.84 $

Step 2 :
Net Price = 25000 - 4338.84
                = 20661.16 $

Hence the VAT Price is 4338.84 $ and Net Price is 20661.16 $

There is also increased tax of 27 % for certain services including telecommunication services, few other services. Some services are also exempted from VAT.


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