Question

what is the formula of VAT​

Answer 1

Answer:

VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents)

Answer 2

Answer:

VAT=the taxable amount × applicable VAT rate/100

VAT amount must be expressed in two decimal points

hope it helps