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This free VAT calculator helps to calculate amount payable as value added tax on a vatable good or service.
Value-added tax (VAT) also called goods and service tax (GST) is a consumption tax payable when you bought goods or when service is rendered to you. Currently, VAT is 7.5% in Nigeria, effective from February 1st, 2020 as decreed in Finance Act 2020.
VAT Amount = Product Amount * VAT Rate / 100
Gross Amount = Product Amount + VAT Amount