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

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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 $

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