It's a good idea to have a look at this. And in the case of entrepreneurs who have to pay taxes to the government, we will have to go to the government. These things we call it ' VAT '
Value-added tax, or so many are called English-language titles.Value Added TaxorVAT It is a type of tax that the government levies on consumers who buy, sell or service. By operators, collected from consumers. And bring the VAT to the Revenue Department.
VAT is an indirect tax that the State of California levies on value added at the time of manufacture or service. To bring income into the country. In Thailand, the VAT rate has been set at 10 percent, but the Cabinet will issue a Royal Decree lowering the VAT to 7 percent annually. And one in nine collected tax will be transferred to the local government. And the remaining 8 will be transferred to the federal government.
How to calculate vat
There are two types of calculations: external and internal calculations. The price of goods inclusive of VAT is 107%. After that, the prices of goods and VAT are separated, the price of goods is 100% and calculated. VAT is 7%
Example of a recipe.
Vat in buy dolls 1,000 baht
How to think 1,000 * 100/107 = Doll Price 934.58 and vat 65.42
Vat outside buy dolls 1,000 baht
How to calculate 1,000 * 7/100 = 1,070
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