VAT Calculator Rwanda

VAT is collected in Rwanda at a rate of 18 % for sales of goods. Certain cases and services are exempted from VAt and some are zero rated. VAT registration is compulsory in Rwanda if their annual turnover threshold is RWF 20 million. Voluntary registrations are also applicable if the annual turnover is less than RWF 20 million.

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VAT is collected in Rwanda at a rate of 18 % for sales of goods. Certain cases and services are exempted from VAt and some are zero rated. VAT registration is compulsory in Rwanda if their annual turnover threshold is RWF 20 million. Voluntary registrations are also applicable if the annual turnover is less than RWF 20 million.

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 Rwanda (GST % is 18) for an amount of 25000

Add Tax

Solution :
GST % = 18
Amount = 25000

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

Step 2 :
Net Price = 25000 + 4500
     = 29500

Hence the VAT Price is 4500 and Net Price is 29500

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

Step 2 :
Net Price = 25000 - 3813.56
                = 21186.44

Hence the VAT Price is 3813.56 and Net Price is 21186.44


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