Ukraine VAT Calculator

VAT was introduced into Ukraine in 1993. Ukraine value added tax is collected at a standard rate of 20%. Subject to zero–rate (0%) VAT. This applies, inter alia, to export of goods and services. 7% is the Ukraine Tax Rate for Medical Supplies.

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VAT was introduced into Ukraine in 1993. Ukraine value added tax is collected at a standard rate of 20%. Subject to zero–rate (0%) VAT. This applies, inter alia, to export of goods and services. 7% is the Ukraine Tax Rate for Medical Supplies.

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 Ukraine (GST % is 20) for an amount of 25000 ₴

Add Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = (25000 * 20 ) / 100
     = 5000 ₴

Step 2 :
Net Price = 25000 + 5000
     = 30000 ₴

Hence the VAT Price is 5000 ₴ and Net Price is 30000 ₴

Remove Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 20)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20833.33
                 = 25000 - 20833.33
GST Price = 4166.67 ₴

Step 2 :
Net Price = 25000 - 4166.67
                = 20833.33 ₴

Hence the VAT Price is 4166.67 ₴ and Net Price is 20833.33 ₴


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