VAT Calculator Armenia

The Value added Tax of Armenia applies to the supply of goods and services and importation of goods in Armenia. The standard rate of the supply and imporatation is 20 %. In Armenia, VAT is based on the taxable yield for all transactions that was applied during the previous year. Tax should be payed quarterly, if the sales for previous year exceeds AMD 100 million, then tax should be paid monthly.

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The Value added Tax of Armenia applies to the supply of goods and services and importation of goods in Armenia. The standard rate of the supply and imporatation is 20 %. In Armenia, VAT is based on the taxable yield for all transactions that was applied during the previous year. Tax should be payed quarterly, if the sales for previous year exceeds AMD 100 million, then tax should be paid monthly.

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

If the sales and purchase exceeds AMD 100,000 in the previous year, Tax must be paid within 20 days. Armenia's Tax was introduced in the year 1997 and then again it was devised in 2001. Initially, the tax rate was 30 % and it was decreased to 20 % later. The taxes are paid to the Ministry of finance. Vat was introduced in Armenia in 1992.

Example

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

Add Tax

Solution :
GST % = 20
Amount = 25000

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

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

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

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 AMD

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

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

If the sales and purchase exceeds AMD 100,000 in the previous year, Tax must be paid within 20 days. Armenia's Tax was introduced in the year 1997 and then again it was devised in 2001. Initially, the tax rate was 30 % and it was decreased to 20 % later. The taxes are paid to the Ministry of finance. Vat was introduced in Armenia in 1992.


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