VAT Calculator Denmark

VAT in Denmark is collected according to the European Union VAT directives. The standard rate of denmark is 25 %. It is the standard rate for all types of services. There is no reduced rate as in other countries. The tax is paid at the the time of delivery for products (goods) and for services, at the end of the completion of the service.

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VAT in Denmark is collected according to the European Union VAT directives. The standard rate of denmark is 25 %. It is the standard rate for all types of services. There is no reduced rate as in other countries. The tax is paid at the the time of delivery for products (goods) and for services, at the end of the completion of the service.

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 services that are exempted from the the Denmark VAT are insurance, financial services, postal, medical, education and passenger transport.

Example

Find the VAT price and net price in Denmark (GST % is 25) for an amount of 25000 kr

Add Tax

Solution :
GST % = 25
Amount = 25000

Step 1 :
GST Price = (25000 * 25 ) / 100
     = 6250 kr

Step 2 :
Net Price = 25000 + 6250
     = 31250 kr

Hence the VAT Price is 6250 kr and Net Price is 31250 kr

Remove Tax

Solution :
GST % = 25
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 25)))
                 = 25000 - (25000 * 0.8)
                 = 25000 - 20000
                 = 25000 - 20000
GST Price = 5000 kr

Step 2 :
Net Price = 25000 - 5000
                = 20000 kr

Hence the VAT Price is 5000 kr and Net Price is 20000 kr

The services that are exempted from the the Denmark VAT are insurance, financial services, postal, medical, education and passenger transport.


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