Kosovo VAT Calculator

Kosovo's Value Added Tax VAT is collected for goods and services. The standard rate is 16% for all goods and 0% for exportation goods. Value Added Tax (Law No.03/L- 146) is applied to all importations and businesses with an annual turnover in excess of €50,000 in the previous year.

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Kosovo's Value Added Tax VAT is collected for goods and services. The standard rate is 16% for all goods and 0% for exportation goods. Value Added Tax (Law No.03/L- 146) is applied to all importations and businesses with an annual turnover in excess of €50,000 in the previous year.

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

VAT payment has to be done within a period of 6 months for importations. It is collected at administrative borders of Kosovo. Value Added Tax in Kosovo has an exemption for certain agricultural and capital goods (on which VAT is 0 percent). Exporters receive full Value Added Tax reimbursement for exported goods.

Example

Find the VAT price and net price in Kosovo (GST % is 16) for an amount of 25000

Add Tax

Solution :
GST % = 16
Amount = 25000

Step 1 :
GST Price = (25000 * 16 ) / 100
     = 4000

Step 2 :
Net Price = 25000 + 4000
     = 29000

Hence the VAT Price is 4000 and Net Price is 29000

Remove Tax

Solution :
GST % = 16
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 16)))
                 = 25000 - (25000 * 0.86)
                 = 25000 - 21551.72
                 = 25000 - 21551.72
GST Price = 3448.28

Step 2 :
Net Price = 25000 - 3448.28
                = 21551.72

Hence the VAT Price is 3448.28 and Net Price is 21551.72

VAT payment has to be done within a period of 6 months for importations. It is collected at administrative borders of Kosovo. Value Added Tax in Kosovo has an exemption for certain agricultural and capital goods (on which VAT is 0 percent). Exporters receive full Value Added Tax reimbursement for exported goods.


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