VAT/GST Calculator
Calculate value-added tax, goods and services tax, or sales tax with regional presets
Tax Details
Tax Summary
Original Amount:
$100.00
Tax Rate:
20%
Tax Amount:
$20.00
Total Amount:
$120.00
Tax Calculation Details
Breakdown
| Description | Amount | Percentage |
|---|---|---|
| Net Amount (Before Tax) | $100.00 | 100% |
| Tax Amount | $20.00 | 20% |
| Gross Amount (After Tax) | $120.00 | 120% |
About VAT/GST
Value Added Tax (VAT) and Goods and Services Tax (GST) are consumption taxes placed on products and services at each stage of the supply chain where value is added.
Key Differences:
- VAT: Used in European countries and many others worldwide
- GST: Used in countries like Australia, Canada, India, and Singapore
- Sales Tax: Used in the United States, applied only at the final point of sale
Common VAT/GST Rates:
- Standard rates: Typically range from 15% to 27% depending on the country
- Reduced rates: Often applied to essential goods like food and medicine
- Zero rates: Applied to exports and certain international services
Understanding how VAT/GST works is essential for businesses and consumers to accurately calculate costs and comply with tax regulations.