Liechtenstein VAT Calculator

In Liechtenstein, VAT rate is 8% in 2015. Liechtenstein has adopted the VAT law of Switzerland, while having its own VAT administration. The standard rate is 8%. A reduced rate of 2.5% is applicable to deliveries of food, drugs, newspapers, magazines, and books. Lodging and accommodation is taxed at a reduced rate of 3.8%.

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In Liechtenstein, VAT rate is 8% in 2015. Liechtenstein has adopted the VAT law of Switzerland, while having its own VAT administration. The standard rate is 8%. A reduced rate of 2.5% is applicable to deliveries of food, drugs, newspapers, magazines, and books. Lodging and accommodation is taxed at a reduced rate of 3.8%.

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

Any liable person with a taxable turnover that is less than CHF 100,000 within a financial year can be exempted from taxation. Special regulations apply for non-profit institutions as well as for non-profit sport or cultural clubs.

Example

Find the VAT price and net price in Liechtenstein (GST % is 8) for an amount of 25000

Add Tax

Solution :
GST % = 8
Amount = 25000

Step 1 :
GST Price = (25000 * 8 ) / 100
     = 2000

Step 2 :
Net Price = 25000 + 2000
     = 27000

Hence the VAT Price is 2000 and Net Price is 27000

Remove Tax

Solution :
GST % = 8
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 8)))
                 = 25000 - (25000 * 0.93)
                 = 25000 - 23148.15
                 = 25000 - 23148.15
GST Price = 1851.85

Step 2 :
Net Price = 25000 - 1851.85
                = 23148.15

Hence the VAT Price is 1851.85 and Net Price is 23148.15

Any liable person with a taxable turnover that is less than CHF 100,000 within a financial year can be exempted from taxation. Special regulations apply for non-profit institutions as well as for non-profit sport or cultural clubs.


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