VAT Calculator Bangladesh

Bangladesh has a standard VAT rate of 15 %. However few goods and services are charged at reduced rates. Preferential rates vary from 1.5 to 9 %. The rates are exactly 1.5%, 2%, 3%, 4%, 4.5%, 5%, 5.5%, 6%, 9% for good and services mentioned in Statutory Rules and Order.

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Bangladesh has a standard VAT rate of 15 %. However few goods and services are charged at reduced rates. Preferential rates vary from 1.5 to 9 %. The rates are exactly 1.5%, 2%, 3%, 4%, 4.5%, 5%, 5.5%, 6%, 9% for good and services mentioned in Statutory Rules and Order.

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 Bangladesh (GST % is 15) for an amount of 25000 Tk

Add Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = (25000 * 15 ) / 100
     = 3750 Tk

Step 2 :
Net Price = 25000 + 3750
     = 28750 Tk

Hence the VAT Price is 3750 Tk and Net Price is 28750 Tk

Remove Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 15)))
                 = 25000 - (25000 * 0.87)
                 = 25000 - 21739.13
                 = 25000 - 21739.13
GST Price = 3260.87 Tk

Step 2 :
Net Price = 25000 - 3260.87
                = 21739.13 Tk

Hence the VAT Price is 3260.87 Tk and Net Price is 21739.13 Tk


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