VAT Calculator Nepal

In Nepal VAT was implemented in 1998. Normal VAT rate is 10% at the outset and subsequently increased to 13% since 2005, some goods or services are subject to VAT at 0%.

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In Nepal VAT was implemented in 1998. Normal VAT rate is 10% at the outset and subsequently increased to 13% since 2005, some goods or services are subject to VAT at 0%.

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 Nepal (GST % is 13) for an amount of 25000 NPR

Add Tax

Solution :
GST % = 13
Amount = 25000

Step 1 :
GST Price = (25000 * 13 ) / 100
     = 3250 NPR

Step 2 :
Net Price = 25000 + 3250
     = 28250 NPR

Hence the VAT Price is 3250 NPR and Net Price is 28250 NPR

Remove Tax

Solution :
GST % = 13
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 13)))
                 = 25000 - (25000 * 0.88)
                 = 25000 - 22123.89
                 = 25000 - 22123.89
GST Price = 2876.11 NPR

Step 2 :
Net Price = 25000 - 2876.11
                = 22123.89 NPR

Hence the VAT Price is 2876.11 NPR and Net Price is 22123.89 NPR


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