Peru VAT Calculator

Peru is a country located in southern America. Peru government agency collects the standard tax value of 18%. The standard tax value is imposed on the sales of all movable goods and services, which includes the services made in abroad, but used by an domiciled user within peru, construction agreements and importation. Reduced tax of 2% is charged for luxury goods. VAT is exempted for exports of goods, services and chattels.

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Peru is a country located in southern America. Peru government agency collects the standard tax value of 18%. The standard tax value is imposed on the sales of all movable goods and services, which includes the services made in abroad, but used by an domiciled user within peru, construction agreements and importation. Reduced tax of 2% is charged for luxury goods. VAT is exempted for exports of goods, services and chattels.

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 Peru (GST % is 18) for an amount of 25000 S/.

Add Tax

Solution :
GST % = 18
Amount = 25000

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

Step 2 :
Net Price = 25000 + 4500
     = 29500 S/.

Hence the VAT Price is 4500 S/. and Net Price is 29500 S/.

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 S/.

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44 S/.

Hence the VAT Price is 3813.56 S/. and Net Price is 21186.44 S/.


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