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VAT Calculator Zambia Updated VAT Rate 2024 (16%)

The Standard VAT Rate in Zambia is 16%. Now you can calculate the vat bill with our Vat Calculator Zambia.

VAT Calculator Zambia

%
ZK

RESULT

VAT Rate: 16%

Calculation Based On: ZK0

Operation: ADD

VAT Amount: ZK0

Gross Amount: ZK0

Knowing and formulating Value-Added tax (VAT) is crucial for consumers, businesses and accountants who operate in Zambia. Since VAT is the official tax on VAT within Zambia with a rate of 16 per cent and a precise estimate on the rate of VAT is essential to ensure compliance and transparency when dealing in banking.

It is not a matter of whether you’re a company owner who issues invoices, or are a person looking at an invoice or or a bill the bill or invoice, the Zambia VAT Calculator helps you with the process of eliminating the VAT or including it.

Zambia VAT Overview

  • Standard VAT Rate: 16%
  • can be appropriate for the vast majority of products and services that are exported to Zambia the country from Zambia
  • zero-rated Products Certain exports or significant products may be rated zero.
  • exempt items include financial services medical services, educational services

How to Use the VAT Calculator Zambia

Steps:

  1. Click Zambia from the drop-down list (16 percent rate that is automatically applied automatically)
  2. You must enter your amount total (gross or net)
  3. Select one of the following options:
    • Include TVA (to calculate the total cost)
    • Eliminate VAT (to eliminate VAT from the total)
  4. Select to the “Calculate” button in order to determine:
    • VAT Amount
    • Net Price
    • Gross Price

Manual VAT Calculation in Zambia

To Add VAT (From Net Price)

Formula: VAT Amount = (Original Cost x 16%) / 100
Gross Price = Original Cost + VAT Amount

Example:

  • Original Cost: ZMW 1,000
  • VAT = (1,000 x 16) / 100 = ZMW 160
  • Gross Price = 1,000 + 160 = ZMW 1,160

To Remove VAT (From Gross Price)

Formula:
VAT Amount = Gross Price - (Gross Price x (100 / (100 + 16)))
Net Price = Gross Price - VAT Amount

Example:

  • Gross Price: ZMW 1,160
  • VAT = 1,160 – (1,160 x (100 / 116)) = ZMW 160
  • Net Price = 1,160 – 160 = ZMW 1,000

Benefits of Using a VAT Calculator in Zambia

Transparency in prices for suppliers and customers

The exact amount to service providers

100% fully compliant in line with Zambia Revenue Authority (ZRA) regulations

Rapid calculation for receipts, invoices as well as quotations

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