Vietnam VAT Calculator

In Vietnam, the standard value added tax rate is 10% and the reduced rate is 5%. Apart from VAT, Vietnam also imposes a Special Sales Tax (SST) on goods and services classified as luxury. The SST rates ranges from 10% to 70%.

Other Countries
Australia   Argentina   Brazil   Canada   Denmark    Egypt    Finland    France    Germany    Greece    Hungary    Italy    Indonesia    India    Japan    China    Malaysia    Mexico    Netherlands    New-Zealand    Russia    Singapore    Spain    South Africa    Switzerland    Thailand    United Kingdom    United States    Vietnam   

In Vietnam, the standard value added tax rate is 10% and the reduced rate is 5%. Apart from VAT, Vietnam also imposes a Special Sales Tax (SST) on goods and services classified as luxury. The SST rates ranges from 10% to 70%.

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 Vietnam (GST % is 10) for an amount of 25000 ₫

Add Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = (25000 * 10 ) / 100
     = 2500 ₫

Step 2 :
Net Price = 25000 + 2500
     = 27500 ₫

Hence the VAT Price is 2500 ₫ and Net Price is 27500 ₫

Remove Tax

Solution :
GST % = 10
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 10)))
                 = 25000 - (25000 * 0.91)
                 = 25000 - 22727.27
                 = 25000 - 22727.27
GST Price = 2272.73 ₫

Step 2 :
Net Price = 25000 - 2272.73
                = 22727.27 ₫

Hence the VAT Price is 2272.73 ₫ and Net Price is 22727.27 ₫


english Calculators and Converters

Top Calculators


Sitemap