How To Make VAT Calculation Super Easy

Understanding VAT calculation in South Africa

VAT calculation is easy if you follow the steps I will mention.

To add VAT, just calculate 15% of the product's cost price. Then add the amount to the net price to calculate the gross amount of the product.

To exclude VAT, you need to follow the same steps. Just calculate 15% of the product's cost price. After that, subtract the amount from the net price of the product to calculate the final price.

The process is easy if your business transacts a small amount daily. For a large business, it is very very difficult to manage all the financial transactions regularly. So, I have provided the best online VAT calculator so that the calculation becomes easy. Access the South African VAT calculator to calculate value-added tax easily.

If you want to use paye calculator, you can tap the link.