Malta VAT Calculator

Malta is one among the European countries that has the lowest value added tax rate of 18%. There are 3 different rates of VAT in Malta: Standard rate is 18%, Reduced rate of 7% is imposed on accommodation supplies, 5% on various printed matter, supply of electricity, various confectionery items, medical accessories, items used for the disabled, works on arts and antiques, minor repairing of bicycles, shoes, leather goods, clothing and domestic care services.

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Malta is one among the European countries that has the lowest value added tax rate of 18%. There are 3 different rates of VAT in Malta: Standard rate is 18%, Reduced rate of 7% is imposed on accommodation supplies, 5% on various printed matter, supply of electricity, various confectionery items, medical accessories, items used for the disabled, works on arts and antiques, minor repairing of bicycles, shoes, leather goods, clothing and domestic care services.

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 Malta (GST % is 18) for an amount of 25000 €

Add Tax

Solution :
GST % = 18
Amount = 25000

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

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

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

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 €

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

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


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