Instruction

1

In order to charge

**VAT**on**the amount**of completed LABOR, determine the tax rate that applies to your organization. Legislation of the Russian Federation there are three rates**of VAT**: 18%, 10% and 0%. Most often used rate of 18%. A reduced 10% rate applies to certain food and children's goods. A zero rate is used when exporting.2

To charge

**VAT**on a particular**amount**means to increase its tax rate. To do this, first determine**the amount**of the tax in monetary terms. Multiply**the amount**of LABOR to implement the tax rate (in decimal terms). For example, the value of 18% tax from the sum 200 000 rbl. the formula is:200 000 × 0,18 = 36 000 (RUB)3

To sum, implementation add the calculated

**amount**of tax. 200 000 + 36 000 = 236 000 (RUB.)4

Similarly, you can charge

**VAT**on**the amount**in one step. To do this, multiply**the amount**of realization on the value of (1 + tax rate) in decimal expression. Using the numbers from the example, you will get the same result:200 000 × 1,18 = 236 000 (RUB)5

Accountants often need to do the reverse operation — select

**VAT**from the amount. Knowing the current rate of tax to do need calculation is quite simple. For this final**amount**divide by the value (100 + tax rate) and multiply the result by the tax rate in absolute terms. For example, to highlight a 18%**VAT**of $ 300 000 RUB, make the calculation according to the formula:300 000 / (100 + 18) × 18 = 45762,71 (RUB.)Note

Characteristics of the tax, the procedure for its payment, the payer 21 established a Chapter of the Tax Code of the Russian Federation.

Useful advice

Of the amount obtained by the calculation of the tax may have on the end of a long decimal tails. They should be rounded to cents according to mathematical rules.