Macedonia VAT Calculator

The Standard VAT rate in Macedonia is 18% for supplies of all goods and services. Some are also Zero rated. 5% reduced rate was imposed on pharmaceuticals, food products, production equipments, computers and other public transportation.

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The Standard VAT rate in Macedonia is 18% for supplies of all goods and services. Some are also Zero rated. 5% reduced rate was imposed on pharmaceuticals, food products, production equipments, computers and other public transportation.

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 Macedonia (GST % is 18) for an amount of 25000 ден

Add Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = (25000 * 18 ) / 100
     = 4500 ден

Step 2 :
Net Price = 25000 + 4500
     = 29500 ден

Hence the VAT Price is 4500 ден and Net Price is 29500 ден

Remove Tax

Solution :
GST % = 18
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 18)))
                 = 25000 - (25000 * 0.85)
                 = 25000 - 21186.44
                 = 25000 - 21186.44
GST Price = 3813.56 ден

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44 ден

Hence the VAT Price is 3813.56 ден and Net Price is 21186.44 ден


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