Luxembourg VAT Calculator

In Luxembourg, VAT (Value Added Tax) is referred in the name of Sales Tax. In Luxembourg, the sales tax rate is charged to consumers based on the purchase price of certain goods and services. The Sales Tax Rate in Luxembourg stands at 17 percent. Standard VAT rate has been increased from previous 15% to 17% from Jan 1, 2015.

Sales Tax Calculation

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In Luxembourg, VAT (Value Added Tax) is referred in the name of Sales Tax. In Luxembourg, the sales tax rate is charged to consumers based on the purchase price of certain goods and services. The Sales Tax Rate in Luxembourg stands at 17 percent. Standard VAT rate has been increased from previous 15% to 17% from Jan 1, 2015.

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

The Reduced VAT rate of 14% is collected for wine, domestic fuel and advertising. A reduced rate of 8% is fixed for bikes, domestic services and 3% for foodstuffs, books, pharmaceuticals, medical, passenger transport, newspapers, hotels, restaurants, books and e-books.

Example

Find the VAT price and net price in Luxembourg (GST % is 17) for an amount of 25000 €

Add Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = (25000 * 17 ) / 100
     = 4250 €

Step 2 :
Net Price = 25000 + 4250
     = 29250 €

Hence the VAT Price is 4250 € and Net Price is 29250 €

Remove Tax

Solution :
GST % = 17
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 17)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21367.52
                 = 25000 - 21367.52
GST Price = 3632.48 €

Step 2 :
Net Price = 25000 - 3632.48
                = 21367.52 €

Hence the VAT Price is 3632.48 € and Net Price is 21367.52 €

The Reduced VAT rate of 14% is collected for wine, domestic fuel and advertising. A reduced rate of 8% is fixed for bikes, domestic services and 3% for foodstuffs, books, pharmaceuticals, medical, passenger transport, newspapers, hotels, restaurants, books and e-books.


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