How to calculate selling price excluding / without VAT ?
|I know the selling price, that includes 19% VAT. How can I calculate the price without VAT ?|
|You need to first divide VAT rate 19% by 100. Then add 1 to the result:|
19 / 100 = 0,19
0,19 + 1 = 1,19
To get the price without VAT, you need to divide price with VAT by 1,19.
If the price with VAT is 595 Eur, then the price without VAT is 500 Eur:
595 / 1,19 = 500