Greece VAT (Sales Tax) Calculator

Greece follows a tiered taxation system based on the progressive taxation. Standard value added tax in Greece is 6.0% to 23%. The lowest VAT rate is collected for the newspapers, periodicals, cultural event tickets and certain service sectors at the rate of 6.5%. Here sales tax is collected from the people based on the direct and indirect systems.

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Greece follows a tiered taxation system based on the progressive taxation. Standard value added tax in Greece is 6.0% to 23%. The lowest VAT rate is collected for the newspapers, periodicals, cultural event tickets and certain service sectors at the rate of 6.5%. Here sales tax is collected from the people based on the direct and indirect systems.

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

Value added tax (sales tax) is imposed on different categories. Goods that does not belong to any category is chargeable of 23%. For the 1st category goods, tax rate is 13% and for the secondary category goods, tax rate is 16%.

Example

Find the VAT price and net price in Greece (GST % is 23) for an amount of 25000 €

Add Tax

Solution :
GST % = 23
Amount = 25000

Step 1 :
GST Price = (25000 * 23 ) / 100
     = 5750 €

Step 2 :
Net Price = 25000 + 5750
     = 30750 €

Hence the VAT Price is 5750 € and Net Price is 30750 €

Remove Tax

Solution :
GST % = 23
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 23)))
                 = 25000 - (25000 * 0.81)
                 = 25000 - 20325.2
                 = 25000 - 20325.2
GST Price = 4674.8 €

Step 2 :
Net Price = 25000 - 4674.8
                = 20325.2 €

Hence the VAT Price is 4674.8 € and Net Price is 20325.2 €

Value added tax (sales tax) is imposed on different categories. Goods that does not belong to any category is chargeable of 23%. For the 1st category goods, tax rate is 13% and for the secondary category goods, tax rate is 16%.


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