ThinkVault ToolsVAT, GST & Sales Tax Calculator

Everyday tools

VAT, GST & Sales Tax Calculator

Tax mode

User-defined rate; shortcuts do not declare current tax law.

Results

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Gross amount (inc. tax)

$120.00
Net amount (ex. tax)$100.00
Tax amount$20.00
Net amount (ex. tax)83.3%

$100.00

Tax amount16.7%

$20.00

Gross amount (inc. tax)

$120.00

Method and common questions

Tax, lending, holiday and protection rules vary by place and date. Check current local rules and provider terms. Results are estimates.

Purpose and inputs

Add a user-specified tax or extract it from a gross amount, showing net, tax and gross.

Method and assumptions

Add mode: gross=net×(1+rate/100). Extract mode: net=gross/(1+rate/100). Tax is the difference. The chosen rate and shortcut values do not assert current law in any jurisdiction. Compound taxes, exemptions and line-by-line rounding are excluded.

Method

Add mode: gross=net×(1+rate/100). Extract mode: net=gross/(1+rate/100). Tax is the difference. The chosen rate and shortcut values do not assert current law in any jurisdiction. Compound taxes, exemptions and line-by-line rounding are excluded.

FAQ

What are the limitations?
User-defined rate; shortcuts do not declare current tax law.
Tool options

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