# Calculating VAT?

by Kevin

(South Africa (Pretoria))

**Q: How do I calculate the VAT (Value-Added Tax) included on the debtor and creditor control account?**

**Control accounts for debtors and creditors are the full amounts including VAT that is owed from one party to another. Assuming VAT is 14%, to calculate the VAT portion you take the total (e.g. R200) and times by 14/114.So this would be:**

A:

A:

R200 X 14/114 = _______

##
Comments for Calculating VAT?
| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

| ||

### Enjoying this Website?

Help Support it with a Donation

*OR...*