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Class 10 > What is the formula for calculating VAT?
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What is the formula for calculating VAT?

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+2 Sales Tax and VAT

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Calculating the car is the base cost of an item multiplied by the appropriate vat rate for the item.example-if an item costs$100 vat rate of 20% the vat calculation is 100*20/100=20.
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Calculating the car is the base cost of an item multiplied by the appropriate vat rate for the item.example-if an item costs$100 vat rate of 20% the vat calculation is 100*20/100=20.
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