Paraguay VAT Calculator

Paaraguay applies the standard rate of VAT at 10%. It is commonly imposed on the supply of all goods and services. Reduced tax rate of 5% is collected for family products, pharmaceutical goods, real estate, leasing, agricultural products and cattle. Since, January 2015 vat is also collected for different fruits and vegetables.

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Paaraguay applies the standard rate of VAT at 10%. It is commonly imposed on the supply of all goods and services. Reduced tax rate of 5% is collected for family products, pharmaceutical goods, real estate, leasing, agricultural products and cattle. Since, January 2015 vat is also collected for different fruits and vegetables.

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 Paraguay (GST % is 10) for an amount of 25000 Gs

Add Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = (25000 * 10 ) / 100
     = 2500 Gs

Step 2 :
Net Price = 25000 + 2500
     = 27500 Gs

Hence the VAT Price is 2500 Gs and Net Price is 27500 Gs

Remove Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 10)))
                 = 25000 - (25000 * 0.91)
                 = 25000 - 22727.27
                 = 25000 - 22727.27
GST Price = 2272.73 Gs

Step 2 :
Net Price = 25000 - 2272.73
                = 22727.27 Gs

Hence the VAT Price is 2272.73 Gs and Net Price is 22727.27 Gs


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