Guatemala VAT Calculator

Guatemala has a standard VAT rate of 12%. Few services that are exempted from VAT include educational, cultural, social service, or religious services.

Value Added Tax Calculation

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Guatemala has a standard VAT rate of 12%. Few services that are exempted from VAT include educational, cultural, social service, or religious services.

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 Guatemala (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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