Portugal VAT Calculator

Portugal taxation system is governed by both federal and regional government. Value added tax is applied in three different ways. Standard VAT rate of 23% is collected on all the goods and services, which also includes energy equipment, agriculture machines, fire prevention, electricity and natural gas in portuguese.

Value Added Tax in Portuguese

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Portugal taxation system is governed by both federal and regional government. Value added tax is applied in three different ways. Standard VAT rate of 23% is collected on all the goods and services, which also includes energy equipment, agriculture machines, fire prevention, electricity and natural gas in portuguese.

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

Reduced tax of 13% is imposed on wine, spring, mineral, medicinal and carbonated water, tickets for cultural events. Further reduced rate of 6% is charged on cereals, meat, shellfish, fruit, vegetables, essential foods, books, newspapers, medicines, passenger transport and hotel accommodation. Some are also exempted from value added tax in portuguese.

Example

Find the VAT price and net price in Portugal (GST % is 23) for an amount of 25000 €

Add Tax

Solution :
GST % = 23
Amount = 25000

Step 1 :
GST Price = (25000 * 23 ) / 100
     = 5750 €

Step 2 :
Net Price = 25000 + 5750
     = 30750 €

Hence the VAT Price is 5750 € and Net Price is 30750 €

Remove Tax

Solution :
GST % = 23
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 23)))
                 = 25000 - (25000 * 0.81)
                 = 25000 - 20325.2
                 = 25000 - 20325.2
GST Price = 4674.8 €

Step 2 :
Net Price = 25000 - 4674.8
                = 20325.2 €

Hence the VAT Price is 4674.8 € and Net Price is 20325.2 €

Reduced tax of 13% is imposed on wine, spring, mineral, medicinal and carbonated water, tickets for cultural events. Further reduced rate of 6% is charged on cereals, meat, shellfish, fruit, vegetables, essential foods, books, newspapers, medicines, passenger transport and hotel accommodation. Some are also exempted from value added tax in portuguese.


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