Australian GST Calculator

VAT is collected in Australia in the form of consumption tax. It was introduced in the year of 2000. The current rate of tax is at 10 %. Tax is collected by Australian tax office and redistributed to the states and territories via Commonwealth Grants Commission process.

VAT Calculator Australia

Other Countries
Australia   Argentina   Brazil   Canada   Denmark    Egypt    Finland    France    Germany    Greece    Hungary    Italy    Indonesia    India    Japan    China    Malaysia    Mexico    Netherlands    New-Zealand    Russia    Singapore    Spain    South Africa    Switzerland    Thailand    United Kingdom    United States    Vietnam   

VAT is collected in Australia in the form of consumption tax. It was introduced in the year of 2000. The current rate of tax is at 10 %. Tax is collected by Australian tax office and redistributed to the states and territories via Commonwealth Grants Commission process.

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 Australia (GST % is 10) for an amount of 25000 $

Add Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = (25000 * 10 ) / 100
     = 2500 $

Step 2 :
Net Price = 25000 + 2500
     = 27500 $

Hence the VAT Price is 2500 $ and Net Price is 27500 $

Remove Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 10)))
                 = 25000 - (25000 * 0.91)
                 = 25000 - 22727.27
                 = 25000 - 22727.27
GST Price = 2272.73 $

Step 2 :
Net Price = 25000 - 2272.73
                = 22727.27 $

Hence the VAT Price is 2272.73 $ and Net Price is 22727.27 $


english Calculators and Converters

Top Calculators


Sitemap