VAT Calculator South Africa

VAT is currently collected at the rate of 14 % in South Africa. It was introduced in the year 1991 at a rate of 10 %. Foreign visitors are not imposed to pay VAT. However, they can get back their money paid on the products that is taken out of the country when the value exceeds R250.

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VAT is currently collected at the rate of 14 % in South Africa. It was introduced in the year 1991 at a rate of 10 %. Foreign visitors are not imposed to pay VAT. However, they can get back their money paid on the products that is taken out of the country when the value exceeds R250.

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 South Africa (GST % is 14) for an amount of 25000 R

Add Tax

Solution :
GST % = 14
Amount = 25000

Step 1 :
GST Price = (25000 * 14 ) / 100
     = 3500 R

Step 2 :
Net Price = 25000 + 3500
     = 28500 R

Hence the VAT Price is 3500 R and Net Price is 28500 R

Remove Tax

Solution :
GST % = 14
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 14)))
                 = 25000 - (25000 * 0.88)
                 = 25000 - 21929.82
                 = 25000 - 21929.82
GST Price = 3070.18 R

Step 2 :
Net Price = 25000 - 3070.18
                = 21929.82 R

Hence the VAT Price is 3070.18 R and Net Price is 21929.82 R


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