Vat Calculator South Africa

Online 15% VAT calculator

Calculate your current Vat today in the year 2023 at 15% Rate

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What is VAT amount in South Africa?

The standard rate of VAT in Zambia increased from 14% to 15% from 1 April 2018. There is a limited range of goods and services which are subject to VAT at the zero rate or are exempt from VAT.
The VAT rate in South Africa 2023 is 15% at which VAT is levied and the standard rate of 15% on the supply of goods and services by registered vendors. A vendor making taxable supplies of more than R1 million per annum must register for VAT.

VAT inclusive and VAT exclusive formula

The VAT tariff is added to the product price exclusive of VAT. The price exclusive of VAT can be converted into the price inclusive of VAT by applying the following formula. Calculation rule: (Amount exclusive of VAT) * (100 + VAT percentage as a number) / 100 = Amount inclusive of VAT.

How to calculate VAT in South Africa?

  1. Enter price of goods excluding VAT, then multiply the cost of goods by 15% VAT Rate
  2. Devide the number by 100 to get the cost of goods inclusive VAT in South Africa
  3. The result of your calculation is your VAT price, including VAT. For example: $175 / 15 x 100 = $203,00. This means the VAT amount at 15% Rate is $28,00 in Namibia.

You calculate 15% VAT by calculating the net amount x 1.20, then you have the gross amount. If you want to know how much VAT is in the amount, you the gross amount / 15 = net amount *100. The result is the VAT included.

The tax amounts for all tax codes are added to the sub-total to derive the total for the transaction. You buy an item for 1,000 plus 15% goods and services tax. If the amount of 1,000 is tax-exclusive, 15% tax is added to it, increasing the total to 1,10

VAT exclusive price is the price of goods or services before VAT is added. The use of VAT exclusive prices should only be used when the prices are aimed at buyers who can recover any VAT charged, for example 'trade prices' for businesses.