VAT CALCULATOR SOUTH AFRICA
ADDING OR REMOVING VAT INSTANTLY!
Stop relying on manual calculation! Whether you’re a business owner or planning personal expenses and are unsure how to add or remove VAT from a given amount, our South African VAT Calculator will instantly find you the exact VAT-inclusive or exclusive value with a click of a button.
South African VAT Calculator
How much is the VAT rate in South Africa?
The Value-added Tax (VAT) is an indirect tax on the consumption of goods and services in South Africa. To collect revenue for the government, certain businesses are required to register themselves for VAT and charge it on their taxable supplies. The current VAT rate in South Africa is 15% according to the official SARS website. To check the history of VAT rates in South Africa visit this Page.
How to use the VAT Calculator?
Removing or Adding VAT
Calculating VAT in South Africa by using our calculator is super easy! You just have to enter the price from which you want to remove or add the VAT in the enter amount box and click one of the two buttons to calculate the result instantly. The Green button is for ‘ADD VAT’ and the Red button is for ‘Remove VAT.
Benefits of VAT Calculator
VAT Calculation Formula
VAT can be calculated in two ways: by adding/inclusive VAT or by removing/exclusive VAT.
Adding / Including VAT Formula
This method is used when adding VAT to a sale amount where the price does not include VAT.
1. VAT Amount = Original Price ✕ VAT rate/100
2. VAT Incl value = original price + VAT amount OR using Direct formula VAT Inclusive value = Original price ✕ (1+ VAT rate/100)
For example, if you’re importing shoes for your VAT-registered business located in Cape Town for R100,000, then the VAT amount will be:
VAT Amount = shoes price ✕ VAT rate/100 = 100,000✕15/100 = R5000
VAT Inclusive value = 100,000✕ (1+15/100)=R115,000
To make it simpler and easier, multiply the original price by 0.15 to find the VAT amount, and to find the VAT-inclusive value multiply the original price by 1.15.
Removing / Reversing VAT Formula
This method is used when the original price has VAT added, and we have to find how much VAT is added or the price exclusive of VAT. For reverse VAT calculation:
1. VAT Amount = Original Price ✕ VAT rate∕(100+VAT rate)
2. VAT exclusive value = Original price ✕ 100/(100+ VAT rate)
For example, if you want to remove VAT from 2500 Rand using the formula, then:
VAT Amount = 2500 ✕ 15/(100+15) = R326
VAT exclusive value = 2500✕100/(100+15)=R2173
To make it simpler and easier, multiply the original price by 0.13 to find the VAT amount, and to find the VAT-EXCLUSIVE value divide the original price by 1.15. Instead of performing manual calculations use our advanced Online SA VAT Calculator.
Zero-rated and VAT Exempt Products and Services in South Africa
Zero-rated Products and Services
Zero-rated means that these goods and services are technically within the VAT system, but the VAT applied is 0%.
VAT Exempt Products and Services
These goods and services are completely outside the scope of VAT. They are not subject to any VAT charge at all.
Zero-Rated VAT Food Items in South Africa
N0. | Dried beans | Rice |
1 | Lentils | Vegetables |
2 | Pilchards/sardinella in tins | Edible legumes and pulses of leguminous plants |
3 | Milk powder | Vegetable Oil |
4 | Dairy powder blend | Eggs |
5 | Cultured milk | Brown wheaten meal |
6 | Brown bread | Milk |
7 | Maize meal | Samp |
8 | Mealie rice | |
9 | Dried mealies |
In conclusion, this South African VAT calculator is the most advanced and error-free. Whether you are a business owner, a consumer planning personal expenses, or an importer/exporter, you can use it. It can function as both a VAT remover and VAT adder, providing instant results and saving you precious time. It ensures compliance with the South African Tax system and undergoes regular review by financial experts. If you have any questions or suggestions regarding the use of our calculator or facing any issues, feel free to contact us.
Frequently Asked Questions (FAQs)
Stanley Bruen
Stanley Bruen is a highly skilled professional chartered accountant and financial expert. He has a deep understanding of the South African tax system and has become a trusted advisor for a wide range of clients, from small businesses to multinational corporations. His expertise makes him a pro at navigating the complexities of South African taxes and VAT calculation, ensuring your finances are always in top shape.