Uruguay VAT Calculator

Uruguay collects a VAT rate of 22 % as a standard rate. A reduced VAT rate of 10% is applied on foodstuffs; hotels and tourism; transport and diesel. The payment notes are filed online and can be paid jointly. Value added tax is deducted in Uruguay for electronic purchases (use of debit cards).

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Uruguay collects a VAT rate of 22 % as a standard rate. A reduced VAT rate of 10% is applied on foodstuffs; hotels and tourism; transport and diesel. The payment notes are filed online and can be paid jointly. Value added tax is deducted in Uruguay for electronic purchases (use of debit cards).

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 Uruguay (GST % is 22) for an amount of 25000 $U

Add Tax

Solution :
GST % = 22
Amount = 25000

Step 1 :
GST Price = (25000 * 22 ) / 100
     = 5500 $U

Step 2 :
Net Price = 25000 + 5500
     = 30500 $U

Hence the VAT Price is 5500 $U and Net Price is 30500 $U

Remove Tax

Solution :
GST % = 22
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 22)))
                 = 25000 - (25000 * 0.82)
                 = 25000 - 20491.8
                 = 25000 - 20491.8
GST Price = 4508.2 $U

Step 2 :
Net Price = 25000 - 4508.2
                = 20491.8 $U

Hence the VAT Price is 4508.2 $U and Net Price is 20491.8 $U


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