Georgia Sales Tax Calculator

Georgia value added tax was introduced on 24 December 1993 at a standard tax rate of 18% and reduced rate of 0.54%. VAT (sales tax) is imposed for the supply of all goods and services and imports. VAT taxation is collected by the federal government on both state and local level. Few services that are exempt from VAT sales tax are Medical care, exports and education. Turn over of less than 100,000 gel currency is exempt from the value added tax.

VAT Calculator Georgia

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Georgia value added tax was introduced on 24 December 1993 at a standard tax rate of 18% and reduced rate of 0.54%. VAT (sales tax) is imposed for the supply of all goods and services and imports. VAT taxation is collected by the federal government on both state and local level. Few services that are exempt from VAT sales tax are Medical care, exports and education. Turn over of less than 100,000 gel currency is exempt from the value added tax.

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 Georgia (GST % is 18) for an amount of 25000 GEL

Add Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = (25000 * 18 ) / 100
     = 4500 GEL

Step 2 :
Net Price = 25000 + 4500
     = 29500 GEL

Hence the VAT Price is 4500 GEL and Net Price is 29500 GEL

Remove Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 18)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21186.44
                 = 25000 - 21186.44
GST Price = 3813.56 GEL

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44 GEL

Hence the VAT Price is 3813.56 GEL and Net Price is 21186.44 GEL


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