VAT is a consumption tax, which is paid by both consumers and companies, but may set off input and output VAT against each other. Here you can calculate VAT in its various segments, whether it is included in the price of the product.
| Price excluding VAT | VAT |
|---|---|
| 0 | 0 |
VAT percentage is calculated according to the type of good or service provided, and is divided into four segments: Widest segment is the one includes most products and services, VAT is 25%. Food and related items such as catering, hotels and camping services, VAT is 12%. Books and newspapers sales, sports activities and museum activities, VAT is often 6%. Finally, medical care services, education, insurance, and banking are exempt from this tax. For more information about VAT, please refer to Economyaat Academy