Bosnia and Herzegovina VAT Calculator

Bosnia and Herzegovina standard VAT rate is 17%. VAT is collected for the supplied goods and services. Tax rates are also calculated for the supply of goods and services used for non-business purposes. Special taxation procedure is applicable for the small companies, farmers, service provided by tour and travel agencies and supply of goods on public auction.

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Bosnia and Herzegovina standard VAT rate is 17%. VAT is collected for the supplied goods and services. Tax rates are also calculated for the supply of goods and services used for non-business purposes. Special taxation procedure is applicable for the small companies, farmers, service provided by tour and travel agencies and supply of goods on public auction.

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

In Bosnia and Herzegovina VAT is exempted for the public, medical, healthcare and education services.

Example

Find the VAT price and net price in Bosnia and Herzegovina (GST % is 17) for an amount of 25000 KM

Add Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = (25000 * 17 ) / 100
     = 4250 KM

Step 2 :
Net Price = 25000 + 4250
     = 29250 KM

Hence the VAT Price is 4250 KM and Net Price is 29250 KM

Remove Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 17)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21367.52
                 = 25000 - 21367.52
GST Price = 3632.48 KM

Step 2 :
Net Price = 25000 - 3632.48
                = 21367.52 KM

Hence the VAT Price is 3632.48 KM and Net Price is 21367.52 KM

In Bosnia and Herzegovina VAT is exempted for the public, medical, healthcare and education services.


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