Understanding Sales Tax & VAT
Tax can be calculated in two ways depending on whether the starting price already includes tax.
- Adding Tax:
Gross = Net × (1 + Tax Rate/100) - Removing Tax:
Net = Gross / (1 + Tax Rate/100)
Calculate tax-inclusive or tax-exclusive prices instantly. Perfect for GST, VAT, and Sales Tax.
Tax can be calculated in two ways depending on whether the starting price already includes tax.
Gross = Net × (1 + Tax Rate/100)Net = Gross / (1 + Tax Rate/100)