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Reply To: How is VAT calculated?

    Linda
    Beginner
    US

    To calculate VAT, you simply multiply the sale price of the product or service by the VAT rate as a decimal (for example, if the VAT rate is 20%, the decimal equivalent would be 0.20). For example, if you were selling a product for 100 euros with a VAT rate of 20%, the calculation would look like this:
    100 * 0.20 = 20