Vat Calculator Botswana

Botswana, the landlocked African country with 2 million population has a standard VAT rate of 12 %. VAT (sales tax) was implemented in the year of 2001. VAT has been increased from 10% to current rate of 12%. Few goods and services are treated as zero rated supplies and zero per cent VAT is applied on them. Zero rated supplies are listed in first schedule of the VAT act.

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Botswana, the landlocked African country with 2 million population has a standard VAT rate of 12 %. VAT (sales tax) was implemented in the year of 2001. VAT has been increased from 10% to current rate of 12%. Few goods and services are treated as zero rated supplies and zero per cent VAT is applied on them. Zero rated supplies are listed in first schedule of the VAT act.

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 Botswana (GST % is 12) for an amount of 25000 P

Add Tax

Solution :
GST % = 12
Amount = 25000

Step 1 :
GST Price = (25000 * 12 ) / 100
     = 3000 P

Step 2 :
Net Price = 25000 + 3000
     = 28000 P

Hence the VAT Price is 3000 P and Net Price is 28000 P

Remove Tax

Solution :
GST % = 12
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 12)))
                 = 25000 - (25000 * 0.89)
                 = 25000 - 22321.43
                 = 25000 - 22321.43
GST Price = 2678.57 P

Step 2 :
Net Price = 25000 - 2678.57
                = 22321.43 P

Hence the VAT Price is 2678.57 P and Net Price is 22321.43 P


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