Question

Write down formula of value added tax

Answer 1

Hey mate!!

Here's your answer...

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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).

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Answer 2

first find tax of the item by finding cp then find bill amount

bill amount= cost price of the item+tax(VAT)