VAT Calculator France

Value added Tax (VAT) is known as Taxe sur la valeur ajoutée (TVA) in france. The tax rates of TVA are categorized into four types. The principal, intermediate, reduced and zero rated. The standard rate increased from 19.6 % to 20 % since January, 2014. The intermediate rate is 10 % as on January 2014. Previously, it was 7 %. This is applicable to travel ticket, restaurant meals, repairing and moderation, wood fuel.

TVA Calculator France

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

Reduced rate of 5.5 % and 2.1 % for different services. 5.5 % rate is allowed for books, museam, cinema tickets, foods, electricity, gas. 2.1 % is for medical prescription and all other media services.

Example

Find the VAT price and net price in France (GST % is 20) for an amount of 25000 €

Add Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = (25000 * 20 ) / 100
     = 5000 €

Step 2 :
Net Price = 25000 + 5000
     = 30000 €

Hence the VAT Price is 5000 € and Net Price is 30000 €

Remove Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 20)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20833.33
                 = 25000 - 20833.33
GST Price = 4166.67 €

Step 2 :
Net Price = 25000 - 4166.67
                = 20833.33 €

Hence the VAT Price is 4166.67 € and Net Price is 20833.33 €

Reduced rate of 5.5 % and 2.1 % for different services. 5.5 % rate is allowed for books, museam, cinema tickets, foods, electricity, gas. 2.1 % is for medical prescription and all other media services.

english Calculators and Converters

Ask a Question