VAT is a tax charged of each economic agent involved in the business cycle of manufacturing of a product or providing a service within the scope of taxation. if we know the Net Amount Net Amount = Gross Amount ÷ (1 + Tax%). In conclusion: Gross Amount = (1 + Tax%) × Net Amount.Gross Amount = Net Amount + Tax% × Net Amount = (1 + Tax%) × Net Amount.Calculate the Net Amount (Without Tax) Backwards.
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