VAT Calculator Russia

VAT in russia is collected at the standard rate of 18 % for assets, services and imports. A reduced rate of 10 % is collected for foodstuffs, children's supply items and livestocks. There is no need to pay VAT for exports, medical products, technological products and insurance and banking services. It is compulsory to register for VAT if the turnover exceeds RUB 2 million in the previous 3 months.

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VAT in russia is collected at the standard rate of 18 % for assets, services and imports. A reduced rate of 10 % is collected for foodstuffs, children's supply items and livestocks. There is no need to pay VAT for exports, medical products, technological products and insurance and banking services. It is compulsory to register for VAT if the turnover exceeds RUB 2 million in the previous 3 months.

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 Russia (GST % is 18) for an amount of 25000 руб

Add Tax

Solution :
GST % = 18
Amount = 25000

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

Step 2 :
Net Price = 25000 + 4500
     = 29500 руб

Hence the VAT Price is 4500 руб and Net Price is 29500 руб

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 руб

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44 руб

Hence the VAT Price is 3813.56 руб and Net Price is 21186.44 руб


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