Namibia VAT Calculator

VAT is payable at the rate of 15% of the value of the goods supplied or imported. Certain supplies are eligible for a 0% rate. These includes export of goods, supply of a taxable activity as a going concern, supply of goods or services by a charitable organization, children’s home, old age home or orphanage, supply of funeral undertaking services, certain foodstuffs and fuel, services physically rendered outside of Namibia international transport of goods and passengers, certain services supplied to non-residents, supply of medical and paramedical services.

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VAT is payable at the rate of 15% of the value of the goods supplied or imported. Certain supplies are eligible for a 0% rate. These includes export of goods, supply of a taxable activity as a going concern, supply of goods or services by a charitable organization, children’s home, old age home or orphanage, supply of funeral undertaking services, certain foodstuffs and fuel, services physically rendered outside of Namibia international transport of goods and passengers, certain services supplied to non-residents, supply of medical and paramedical 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 Namibia (GST % is 15) for an amount of 25000 $

Add Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = (25000 * 15 ) / 100
     = 3750 $

Step 2 :
Net Price = 25000 + 3750
     = 28750 $

Hence the VAT Price is 3750 $ and Net Price is 28750 $

Remove Tax

Solution :
GST % = 15
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 15)))
                 = 25000 - (25000 * 0.87)
                 = 25000 - 21739.13
                 = 25000 - 21739.13
GST Price = 3260.87 $

Step 2 :
Net Price = 25000 - 3260.87
                = 21739.13 $

Hence the VAT Price is 3260.87 $ and Net Price is 21739.13 $


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