Australian VAT Calculator – GST Rate is 10%
The standard VAT Rate is 10%. Now you can calculate the vat bill with our Vat Calculator Australia.
VAT Calculator Australian
Make use of the Australian VAT (GST) Calculator to quickly determine GST. Goods and Services Tax (GST) for any product or service. No matter if you want to either remove or add GST the tool is easy for shoppers, businesses and accountants throughout Australia.
Australian Vat Calculator
Overview of VAT in Australia
In Australia the VAT tax is known in the form of Goods and Tax on Services (GST). It is an general based consumption tax which was implemented on 1 July 2000 and is currently charged at an regular rate of 10 percent for all products and services.
How to Use the Australia GST Calculator
- Choose “Australia” from the dropdown menu.
- Input the value (either including or exclusive of GST).
- Select whether to include GST or remove GST.
- Select the Calculate button to see your final result instantaneously.
How to Manually Calculate GST in Australia
Add GST (10%)
Formula: GST = Original Price x 0.10 Net Price = Original Price + GST
Example:
- Price (excluding GST): AU $100
- GST = 100 x 0.10 = AU $10
- Total = AU $110
Remove GST (From Inclusive Price)
Formula: GST = Total Price / 11 Base Price = Total Price – GST
Example:
- Price (including GST): AU $110
- GST = 110 / 11 = AU $10
- Base Price = AU $100
History of VAT (GST) in Australia
- Introduced: in 1985, by the then Treasury Secretary Paul Keating (under Labor)
- Implemented: 1st July 2000 by PM John Howard’s Government
- Despite the economic slowdown in the beginning as well as opposition (e.g. the Labor Party’s “GST Rollback” campaign), GST has become a essential element in Australia’s tax system. Australian fiscal system.
Impact of GST on Australian Economy
- The initial link was to the drop in spending on consumer goods and the brief phase that was a brief period of slow economic growth (2001).
- The recovery was followed by consumption patterns slowed.
- However, it is still criticized as as regressive and affecting households with lower incomes more severely.
GST Exempt Goods and Services in Australia
GST Free (No Tax Charged)
- Medical and health services
- Food items that are essential to a healthy diet
- Services for education
- The services of the church
- Exports
- Child care
- Services for water, sewerage, and drainage services
- International transportation (air or sea)
Input taxed (GST not paid, and no GST credits are claimable)
- Residential rental and real estate sales
- Financial services
- The accommodation is in commercial premises (optional)
- Events for charities and non profit organizations
Australian GST Refund & Claim Information
How do you calculate GST determined?
- To add GST: Multiply by 0.10
- To eliminate GST (from the total): Divide by 11
How much is an typical Australian Tax refund?
According to ATO information According to ATO figures, ATO figures show that the annual tax return for taxpayers for taxpayers is around AU $2,600 for a single person.
What can I do to claim back my tax when I leave Australia?
Yes, if you’re returning to work prior to the close of the financial period (June 30) then you may request the return tax credit for your departure.
Key Takeaways
- Australia GST Rate: 10%
- Type: Broad based Consumption Tax
- In Effect Since: July 1, 2000
- Collect by: ATO and distributed through the Commonwealth Grants Commission
