VAT Calculator Ecuador

Ecuador has a standard VAT rate of 12%. There is also exemption on certain services including education and health. Charges for the sales tax in Ecuador are slightly lesser than the world average of 15%. Foreigners can get refund on the 12% value added tax charged on them.

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Ecuador has a standard VAT rate of 12%. There is also exemption on certain services including education and health. Charges for the sales tax in Ecuador are slightly lesser than the world average of 15%. Foreigners can get refund on the 12% value added tax charged on them.

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 Ecuador (GST % is 12) for an amount of 25000 $

Add Tax

Solution :
GST % = 12
Amount = 25000

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

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

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

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 $

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

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


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