Bangladesh VAT Calculator
Adds Bangladesh VAT to a net price or strips it out of a VAT-inclusive price, showing the VAT amount, the net value and the gross total.
Recent
Formula
How the calculation works
The add mode starts from a net figure a business quotes and puts VAT on top, which is what you use when issuing a fresh invoice.
The remove mode starts from a gross figure a customer sees and works backwards, because the VAT was charged on the net value hidden inside that price.
Common mistakes
- Subtracting the VAT rate from a VAT-inclusive price instead of dividing by one plus the rate, which gives a wrong net and wrong VAT figure.
When to use it
- Use the remove mode when you know only the final price a customer paid and need the net value for your VAT return.
Worked example
On a VAT-inclusive price of 11700 at 15 percent, the net amount is 10173.91, the VAT is 1526.09 and the total stays 11700.
Common questions
Why does removing VAT divide instead of subtracting the rate?
When VAT is already inside the price it was charged on the net value, so the net must be recovered by dividing by one plus the rate, not by subtracting the rate from the gross.
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