VAT Calculator Azerbaijan

Azerbaijan value added taxation system was started on January 1, 2001. Standard rate of value added tax is 18%. Taxes imposed on the personal income is collected at the rates ranging from 12 to 35% and corporate tax are at 27%.

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Azerbaijan value added taxation system was started on January 1, 2001. Standard rate of value added tax is 18%. Taxes imposed on the personal income is collected at the rates ranging from 12 to 35% and corporate tax are at 27%.

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

Value added tax is collected on the supply of all goods and services including imports, except if its zero rated or specifically exempt. But in 2005, tax rate was reduced from 20% to 18%, and property tax was raised from .5% to 1% of assessed value.

Example

Find the VAT price and net price in Azerbaijan (GST % is 18) for an amount of 25000

Add Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = (25000 * 18 ) / 100
     = 4500

Step 2 :
Net Price = 25000 + 4500
     = 29500

Hence the VAT Price is 4500 and Net Price is 29500

Remove Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 18)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21186.44
                 = 25000 - 21186.44
GST Price = 3813.56

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44

Hence the VAT Price is 3813.56 and Net Price is 21186.44

Value added tax is collected on the supply of all goods and services including imports, except if its zero rated or specifically exempt. But in 2005, tax rate was reduced from 20% to 18%, and property tax was raised from .5% to 1% of assessed value.


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