Vat Calculator Nigeria – Vat Rate in Nigeria is 7.5%
The Standard VAT Rate in Nigeria is 7.5%. Now you can calculate the vat bill with our Vat Calculator Nigeria.
Vat Calculator Nigeria
How to calculate vat on our Nigeria calculator
- Select your country; the vat calculator will automatically detect the updated Nigeria vat rate
- Enter the amount
- Add Tax or Remove Tax
- Press the calculate button to see the result
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
Visit our Online VAT Calculator for all the vat calculations. It includes most countries in the world like Belgium, Ireland, UK, South Africa, Germany, Philippines, Malta
Indirect Tax Professional at vatcalculatorg
📚 I am an Indirect Tax Professional with substantial work experience in VAT/Indirect Tax. I am adept at quickly assessing client needs and developing strategies to provide excellent solutions.
Latest posts by Shane Roe (see all)
- Reverse Vat Calculator UK – Vat Rate 20% & Flat Rate Scheme - September 21, 2023
- VAT Calculator Germany | Standard Vat Rate is 19% - September 21, 2023
- Is Fuel VAT Exempt or Zero Rated in South Africa? - September 5, 2023