Vat Calculator Nigeria: Easily Calculate VAT for Your Business
The Standard VAT Rate in Nigeria is 7.5%. Now you can calculate the vat bill with our Vat Calculator Nigeria.
VAT Calculator
How to calculate vat on our Nigeria calculator
How to calculate value-added tax in Nigeria
Formula:
Add Tax
Tax Amount = ( Original Cost * VAT% ) / 100
Net Price = Original Cost + Tax Amount
Remove Tax
Tax Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + VAT% ) ) )
Net Price = Original Cost – Tax Amount