# 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.

Other Countries

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

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