ICMS Calculator

Value added tax or GST is collected as ICMS in Brazil. It is a multi level taxation system with different tax levels for different type of transactions. Intra State transactions are charged 17 or 19 %. Interstate transactions are charged at 7 or 12 %. Imported goods are charged between 18 to 25 %.

Brazil VAT Calculation

Other Countries
Australia   Argentina   Brazil   Canada   Denmark    Egypt    Finland    France    Germany    Greece    Hungary    Italy    Indonesia    India    Japan    China    Malaysia    Mexico    Netherlands    New-Zealand    Russia    Singapore    Spain    South Africa    Switzerland    Thailand    United Kingdom    United States    Vietnam   

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

The abbreviation of the Brazil ICMS is "Imposto de Circulação de Mercadorias e Serviços".

Example

Find the VAT price and net price in Brazil (GST % is 17) for an amount of 25000 R$

Add Tax

Solution :
GST % = 17
Amount = 25000

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

Step 2 :
Net Price = 25000 + 4250
     = 29250 R$

Hence the VAT Price is 4250 R$ and Net Price is 29250 R$

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 R$

Step 2 :
Net Price = 25000 - 3632.48
                = 21367.52 R$

Hence the VAT Price is 3632.48 R$ and Net Price is 21367.52 R$

The abbreviation of the Brazil ICMS is "Imposto de Circulação de Mercadorias e Serviços".

english Calculators and Converters