Gross and Net Tax calculations

//Gross and Net Tax calculations

Gross and Net Tax calculations

By | 2016-02-02T21:21:13+00:00 September 7th, 2014|Business tips|0 Comments

A quick tip on how to work out prices – gross and net tax calculations:

The tax calculation for tax inclusive prices is:

TaxAmount = Price - ( Price / ( ( TaxRate% / 100 ) + 1 ) )

The tax calculation for tax exclusive prices is:

TaxAmount = Price * ( TaxRate% / 100 )

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