VAT Calculator Iran

Iran has a valued added tax of 3%. Cigarettes and tobacco products have a 15% tax rate, gasoline and jet fuel are taxed at 30% inclusive of additional duties. The VAT Act was enacted first on 8 June 2008.

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Iran has a valued added tax of 3%. Cigarettes and tobacco products have a 15% tax rate, gasoline and jet fuel are taxed at 30% inclusive of additional duties. The VAT Act was enacted first on 8 June 2008.

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

Few good and services are exempted from VAT which include unprocessed agricultural products, live stock, fertilizers, pesticides, seeds, saplings, books, papers, medicine, banking, public transportation. Export of goods and services are also exempt from taxation.

Example

Find the VAT price and net price in Iran (GST % is 7) for an amount of 25000 ﷼

Add Tax

Solution :
GST % = 7
Amount = 25000

Step 1 :
GST Price = (25000 * 7 ) / 100
     = 1750 ﷼

Step 2 :
Net Price = 25000 + 1750
     = 26750 ﷼

Hence the VAT Price is 1750 ﷼ and Net Price is 26750 ﷼

Remove Tax

Solution :
GST % = 7
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 7)))
                 = 25000 - (25000 * 0.93)
                 = 25000 - 23364.49
                 = 25000 - 23364.49
GST Price = 1635.51 ﷼

Step 2 :
Net Price = 25000 - 1635.51
                = 23364.49 ﷼

Hence the VAT Price is 1635.51 ﷼ and Net Price is 23364.49 ﷼

Few good and services are exempted from VAT which include unprocessed agricultural products, live stock, fertilizers, pesticides, seeds, saplings, books, papers, medicine, banking, public transportation. Export of goods and services are also exempt from taxation.


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