How is VAT (Value Added Tax) calculation in your country?
345629
My country does not have VAT at present but the government will introduce it 1st jan 2007.
834483
It's a percentage.  So no matter what the price is, you add 8.25 %\n\nThe easiest way to find the new TOTAL  (base price AND tax together)  is to take the price and multiply it by 1.0825\n\nTherefore, a one dollar item is $1.08, a four dollar item is $4.33 a ten dollar item is $10.83, and a hundred dollar item is $108.25.
533468
The difference is in the tax system.  While most countries' taxes are calculated as a sort of VAT or other tax INCLUDED in the price, the American tax system is designed as an add-on.  In other words, the tax is only determined after the purchases, and it is not a tax on the item so much as it is a tax on the sale.\n\nThe implication is that it actually costs a few cents less than if the tax were calculated into each item, but on the other hand, it does lead to confusion for those who are not accustomed to the system. \n\nHowever, it is also important, because in the U.S., the sales taxes are not national.  Some states, such as Delaware and New Hampshire, have no sales tax at all.  Thus, it would be pointless to have the tax already included in any sort of national price, because it would cause everyone to have to reprice items in each locale.  \n\nBy the way, not ALL taxes in America are calculated that way.  The gasoline (petrol) tax is included in the price because it is not a sales tax, but instead is a tax on the item.
956552
If you import into Europe you will have to pay import duty and VAT. The import duty will be the same rate across the EU the VAT will be different depending on which country you are in.\n\nIn the UK the rate is 17.5%. You can contact customs on 01702 366 077 to get a commodity code. Ask to be put through to the National Advice Service once furnished with the code. They will then be able to provide costing information.
910310
I would venture to say that if the service is performed IN Mexico as you say, then YES, VAT is applicable.
899369
value added tax, replacing the old system of sales tax
190056
Input VAT is the tax you pay on your purchases.\nOutput VAT is the tax you receive on your Sales..
483104
It depends on whom you are selling to.  If you are a retailer or selling on ebay to individuals, then they definitely want to know the final price, i.e. incl VAT.  If you are selling to companies, then most of the time it will be excl. VAT, as the companies would like to know the effect on them, which would be exc. VAT, as they will be able to recover VAT paid.
611562
Businesses don`t rip consumers off with VAT - it is a TAX, that gets paid over to the Government, businesses don`t normally retain the funds!\n\nAre you asking the question from the point of view of a consumer, or a businessman?
884359
There are in the main three types of tax/duty you may be charged if you import more goods than is your personal allowance when entering the U.K. from a third country (do not confuse this with third-world country). These 'taxes' are:\n\n1. Customs duty. (Applicable to all goods entering the U.K. from countries outside the European Union - calculated as an ad-valorum duty {invoice price abroad + transport/shipping costs +delivery costs}).\n\n2. Excise duty. (Applicable to Tobacco, cigarettes, alcohol, oils etc - calculated by weight, alcoholic strength and volume).\n\n3. VAT. (This is an ad-valorum tax, levied on all goods - in the U.K there are three rates, 17.5% standard rate, 5% reduced rate {domestic gas and electricity} and zero rate {food, childrens clothing, newspapers and books etc. There are also items exempt from tax of which there are few and far between.)\n\nIf you declare the goods at a Customs 'red point' then you may be asked to pay customs duty (depending on where you purchased your goods), you will have to pay excise duty (if they are tobacco or alcohol products) and you will have to pay VAT in addition to customs and excise duty.\n\nAny transgression i.e. using the Green Channel is deemed as smuggling and action will be taken, the least of which is seizure of the goods.\n\nTravelling from the European Union is totally different - there is no onus on the traveller to declare goods purchased in a member state as they are deemed to have paid all relevant European (which includes the U.K.) taxes. However if a traveller is stopped by a Customs Officer and the traveller has excise goods, he or she may be asked by the Officer to account for those goods - if after interview the Officer is satisfied the goods are for resale and/or money or favours have been exchanged for the goods, then the goods and any vehicle used to transport the goods are deemed forfeit to the Crown. (This policy does not include accessionary countries - Poland, Czech Republic etc) \n\nUntil 2005 H.M. Customs and Excise were assigned the collection of this revenue (indirect taxation) and all proceeds from payment of duties and VAT went to H.M. Treasury, detections that resulted in seizure only (some non-EU and all EU seizures) were completed with destruction of the goods. \n\nSince 2005 H.M. Customs and Excise have been combined with the Inland Revenue who dealt with direct taxation (income tax and the like). \n\nAll revenue collected is passed to H.M. Treasury for distrubution to the various Governmental and non-Governmental Departments for use to 'benefit' the public (politicians decide).\n\nHope this helps and give a little more detail - or there again muddies the waters.......
490966
I think that aswell as the above comments, it also depends on taxes. Take here for example (UK) our government taxes us on everything!
1083938
As of Jan 1 2006, it is 7.5% on non-food items, and 2% on food items. \n\n(PS, good time to implement the FairTax)\nsee www.fairtax.org
399159
VAT DO YOU MEAN????!!!!
376870
The rules as well as the form for VAT registration in Andhra Pradesh can be found here:\n\nhttp://www.apcommercialtaxes.gov.in/ctportalnew/acts/vat/formindex.asp
1011352
Value added tax (VAT) is similar to a sales tax in that it is levied at the time of the sale of goods and services. In some countries, including Australia, Canada, New Zealand, and Singapore, this tax is known as "goods and services tax" or GST; and in Japan it is known as "consumption tax". VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer). As VAT is intended as a tax on consumption, exports (which are, by definition, consumed abroad) are usually not subject to VAT or VAT is refunded.
583994
I would think everyone knows how to get it right, but explaining why the given calculation is wrong is what we are interested. \n\nThe key here is that £2 came from the £27.  So there is no  way you add £2 to the £27 again!
1119437
I haven't done this in forever, but I'll try.  If I get something egregiously wrong, let me know via email.\n\nIn the interests of laziness, I used M instead of MM for million.\n\nIn time 0, there's\n-15M\n-150k\nSum = -15.15M\n\nIn year 1,\nthere's\n-1M from fixed costs\n-5.65M from change in NWC (58M in sales -> 5.8M total)\n+8M from (sales - VC)\n-2.8M in tax\n+1.5M from deprecation tax shield\nSum = .05M\n\nIn year 2,\n-1M in fixed costs\n-2.9M from change in NWC (87M in sales)\n+12M from (sales - VC)\n-4.4M in tax\n+1.5 from depr\nSum = 5.2M\n\nIn year 3,\n-1M in fixed\n+4.35M (43.5M in sales)\n+6M from (sales - VC)\n-2M in tax\n+1.5 from depr\nSum = 8.85M\n\nAt the end (still year 3),\nthere's\n+4.35M from recovered NWC\n+3.75M in salvage value (might be less if the book value is less than 3.75...I don't exactly remember how to handle this, but it might be 60% depending on if the sale is taxed from whatever cost basis)\nSum = 8.1M\n\nSo, -15.15M + (.05M/1.2) + (5.2M/1.2^2) + (8.85/1.2^3) + (8.1M/1.2^3) = -1.69M\n\nThe IRR is relatively trivial from here.\n\nHm, so it's looking negative.  I'm not sure.  There's definitely something off in my calculations somewhere.  *shrug*