# VAT Calculator

Many stores run campaigns in which they offer the value of VAT to their customers. But how to calculate the VAT of a product that already has the tax included in the price? The formula is very simple, just divide the price by 1.23 in case the rate is 23%, or by the corresponding amount if the rate is different. For example, if a computer costs $590 with VAT included, then just do: 590 : 1.23 = 479.67, so this will be the value without VAT. Is it worth taking of the promotion? If, on the other hand, you want to know what is the value of a particular good, which does not yet have the value of VAT in the price, you only have to carry out the reverse operation, that is, instead of dividing you will have to multiply. For example, if you want to buy a tablet, whose price is$320 excluding VAT, the formula you have to make is the following: 320 × 1.23 = 393.60. If you still have difficulties, you can use the two calculators below to calculate the values in both cases.

Price incl. VAT: $Percentage of VAT: % ### Result ### Calculate VAT (excluded in prices) Price excl. VAT:$

Percentage of VAT: %

## Information

The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.