The amount of deductions is calculated
Posted: Wed Jan 22, 2025 10:05 am
How to calculate VAT The payment is calculated in two ways: it can be added to the price of the product or deducted from it. VAT calculation. Let's say a company made a vase and set its price at 1,000 rubles. It adds a 20% tax to this amount. In this case, the fee is calculated as follows: VAT = 1,000 rubles × 20 ÷ 100 = 200 rubles.
The end customer buys a vase for 1,000 rubles + 200 rubles = 1,200 rubles. His receipt will contain the wording “cost of goods — 1,000 rubles, VAT — 200 rubles. Total: 1,200 rubles.” Allocation of VAT. For example, a bakery canada telegram data sells loaves of bread for 80 rubles each. The enterprise included the tax in the final price tag.
using the formula: VAT = 80 × 10 ÷ 110 = 7.3 rubles. When the consumer pays, he will see the phrase “cost – 80 rubles, including VAT – 7.3 rubles” on the cash receipt. VAT can be incoming or outgoing. Incoming VAT is paid to contractors, while outgoing VAT is received from clients.
The end customer buys a vase for 1,000 rubles + 200 rubles = 1,200 rubles. His receipt will contain the wording “cost of goods — 1,000 rubles, VAT — 200 rubles. Total: 1,200 rubles.” Allocation of VAT. For example, a bakery canada telegram data sells loaves of bread for 80 rubles each. The enterprise included the tax in the final price tag.
using the formula: VAT = 80 × 10 ÷ 110 = 7.3 rubles. When the consumer pays, he will see the phrase “cost – 80 rubles, including VAT – 7.3 rubles” on the cash receipt. VAT can be incoming or outgoing. Incoming VAT is paid to contractors, while outgoing VAT is received from clients.