How to work vat backwards in rands?

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1085791

2026-07-15 01:40

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To work VAT backwards in rands, first determine the total amount (including VAT) and the VAT rate. For example, if the total amount is R1200 and the VAT rate is 15%, you can calculate the VAT-exclusive amount by dividing the total by 1 plus the VAT rate (1 + 0.15). This gives you R1200 / 1.15 = R1043.48. Then, subtract this amount from the total to find the VAT amount: R1200 - R1043.48 = R156.52.

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