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Kiwn Jey

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Everything posted by Kiwn Jey

  1. Thank you, everyone, for the detailed answers, special thanks to joigus much clearer now, also found an online VAT calculator tool, it is best for automatic calculations.
  2. Hello community, I have a question regarding the calculation of Value Added Tax (VAT), and I'm reaching out to get some insights from fellow members. Suppose I've received a net payment of 200 euros, and I need to calculate the gross amount for VAT purposes with a VAT rate of 25% in my region. I stumbled upon a formula that suggests multiplying the net amount by 1 plus the VAT percentage, which in this case is 1.25. According to the formula, the gross amount should be 250 euros. However, during my attempt to verify this calculation: If 250 euros represents 100%, 1% would be 2.50 euros. 25% would be 62.50 euros. Subtracting 62.50 euros from the gross amount of 250 euros leaves me with only 187.50 euros, which is less than the initial net payment of 200 euros. I'm a bit puzzled and suspect there might be an error in my approach. Could someone please help me identify where I might be going wrong or provide guidance on the correct method to calculate the gross amount with a VAT rate of 25%? I appreciate any assistance or advice you can offer. Thank you.
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