Belgium VAT Calculator

Belgium has a standard tax rate of 21 %. There is a reduced tax rate of 6 % on few items including books, newspapers, hotel accommodation, food, etc. There is a reduced tax rate of 12 % on few services like restaurants. Few services including insurance, finance, real estate, postal are exempt from Belgium VAT.

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Belgium has a standard tax rate of 21 %. There is a reduced tax rate of 6 % on few items including books, newspapers, hotel accommodation, food, etc. There is a reduced tax rate of 12 % on few services like restaurants. Few services including insurance, finance, real estate, postal are exempt from Belgium VAT.

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 Belgium (GST % is 21) for an amount of 25000 €

Add Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = (25000 * 21 ) / 100
     = 5250 €

Step 2 :
Net Price = 25000 + 5250
     = 30250 €

Hence the VAT Price is 5250 € and Net Price is 30250 €

Remove Tax

Solution :
GST % = 21
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 21)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20661.16
                 = 25000 - 20661.16
GST Price = 4338.84 €

Step 2 :
Net Price = 25000 - 4338.84
                = 20661.16 €

Hence the VAT Price is 4338.84 € and Net Price is 20661.16 €


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