How do I calculate tax manually?

To add tax: Net Price * (1 + Tax Rate). To extract tax: Gross Price / (1 + Tax Rate).

Business Tools

Universal Tax Calculator

Q: What is the difference between VAT and GST?

Functionally, they are very similar. Both are consumption taxes. VAT (Value Added Tax) is common in Europe, while GST (Goods and Services Tax) is the term used in Australia, Canada, and New Zealand.

Add or extract taxes globally. Supports VAT, GST, and Sales Tax with automatic regional rates.

Amount is Net (Add Tax) Amount is Gross (Extract Tax)

Gross Price

0.00

Net Price

0.00

Tax Amount

0.00

How to use the Tax Calculator

Easily manage your business taxes and personal shopping. Our universal tax tool allows you to add or extract VAT, GST, and Sales Tax using real-time rates for major global economies.

Glossary

Tax Terminology

VAT / GST

A consumption tax placed on a product whenever value is added at each stage of the supply chain.

Net Price

The cost of a product or service before any taxes are added. Base value used for your calculations.

Gross Price

The total price you pay, which includes the base net price plus all applicable taxes.

How it calculates

Add: Amount × (1 + Rate%)
Extract: Amount / (1 + Rate%)

Our tool handles precision for financial reporting, ensuring two decimal place accuracy automatically.

Everyday Examples

📄 Business Invoicing Verify tax amounts on supplier invoices to ensure accurate bookkeeping and tax returns.

🛍️ International Shopping Understand exactly how much tax is included in the shelf price of goods abroad.

Tax FAQ

What is the difference between VAT and GST?

Functionally very similar. VAT is common in Europe, while GST is used in Australia, Canada, and New Zealand. Both are broad-based consumption taxes.

How is Sales Tax different?

Sales Tax (US) is usually applied only at the final point of sale, whereas VAT/GST are multi-stage taxes.