VAT Calculator Ethiopia

Ethiopia has recently implemented the Value added tax system to its tax regime. Standard VAT is currently fixed at the rate of 15%. VAT is imposed for every imported goods and services other than an exempt imports and an import of services. VAT will be charged at a rate of zero percent for supply of gold to the National Bank of Ethiopia, direct international transport of goods or passengers, export of goods or services to the extent under provided regulation.

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Ethiopia has recently implemented the Value added tax system to its tax regime. Standard VAT is currently fixed at the rate of 15%. VAT is imposed for every imported goods and services other than an exempt imports and an import of services. VAT will be charged at a rate of zero percent for supply of gold to the National Bank of Ethiopia, direct international transport of goods or passengers, export of goods or services to the extent under provided regulation.

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 Ethiopia (GST % is 15) for an amount of 25000 Br

Add Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = (25000 * 15 ) / 100
     = 3750 Br

Step 2 :
Net Price = 25000 + 3750
     = 28750 Br

Hence the VAT Price is 3750 Br and Net Price is 28750 Br

Remove Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 15)))
                 = 25000 - (25000 * 0.87)
                 = 25000 - 21739.13
                 = 25000 - 21739.13
GST Price = 3260.87 Br

Step 2 :
Net Price = 25000 - 3260.87
                = 21739.13 Br

Hence the VAT Price is 3260.87 Br and Net Price is 21739.13 Br


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