Your figures stay on your device
The calculation runs in your browser. The amounts you type are not sent to Simplebks or anyone else, and they are not saved. Close the page and they are gone.
Free tool
Free VAT Calculator
Add VAT to a price, or take VAT out of a price that already includes it. Enter one amount or a whole list, and see the amount before VAT, the VAT and the amount with VAT for every line, plus the total.
The rate starts at 7.5 percent, the standard Nigerian VAT rate. You can change it.
Free. No account.
Calculate VAT
Two calculations
Add VAT. You know the price before VAT. Net amount × rate = VAT. Net amount + VAT = total.
Remove VAT. You know the price that already includes VAT, for example a supplier's invoice total. Total ÷ (1 + rate) = net amount. Total − net amount = VAT.
Example at 7.5 percent: a ₦100,000 price before VAT gives ₦7,500 VAT and a ₦107,500 total. A ₦107,500 VAT-inclusive price gives ₦100,000 net and ₦7,500 VAT.
Rounding: each line is rounded to the nearest kobo (two decimal places), with halves rounded up. The total is the sum of the rounded lines, so the lines always add up to it. For example, ₦1,234.56 that already includes 7.5 percent VAT is ₦1,148.43 before VAT and ₦86.13 VAT.
What you get
- The amount before VAT, the VAT and the amount with VAT, for each line and for the total
- Both directions: add VAT to a price, or remove it from a VAT-inclusive price
- Results rounded to the kobo
- A rate you can change, for items at a different rate
- A Copy result button that copies the lines and the total, ready to paste into a message or a spreadsheet
What the calculator does not do
It works out each line and the total. It does not file a VAT return, keep a record, or decide whether an item is taxable, exempt or zero-rated.
For that, use VAT inside your books.
VAT inside Simplebks
On the Professional and Enterprise plans, VAT is part of your books:
- VAT is priced on POS sales, quick sales, invoices and purchases from the tax settings you set once.
- Mark each product or service as taxable, exempt or zero-rated.
- The VAT Summary report shows output VAT, input VAT, the amount debited to VAT payable and net VAT due, by day, month or year.
- Export the report to CSV.
This is VAT reporting. Simplebks does not submit returns for you.
Which plan includes what
| Free calculator (this page) | Professional | Enterprise | |
|---|---|---|---|
| Add or remove VAT on amounts you type | ✓ | ✓ | ✓ |
| VAT priced on invoices, POS sales and purchases | No | ✓ | ✓ |
| Taxable, exempt and zero-rated items | No | ✓ | ✓ |
| VAT Summary report | No | ✓ | ✓ |
| Account needed | No | Yes | Yes |
FAQ
What VAT rate does the calculator use?
7.5 percent, the standard Nigerian VAT rate. You can change the rate for a calculation.
How do I remove VAT from a price that includes it?
Divide the total by 1 plus the rate. At 7.5 percent, divide by 1.075. The difference is the VAT.
How do I add VAT to a price?
Multiply the net amount by the rate to get the VAT, then add it to the net amount.
How does the calculator round?
Each line is rounded to the nearest kobo, with halves rounded up. The total is the sum of the rounded lines, so the lines always add up to the total.
Does the calculator keep or send my figures?
No. The calculation runs in your browser. What you type is not sent to Simplebks or anyone else, and it is not saved.
Does the calculator file my VAT return?
No. It calculates the amounts you enter. Simplebks reports your VAT, but it does not submit returns.
Is it free?
Yes. There is no charge and no account is needed.
Can Simplebks track VAT on my sales and purchases?
Yes, on the Professional and Enterprise plans. VAT is priced on invoices, POS sales and purchases, and the VAT Summary report shows output VAT, input VAT, the amount debited to VAT payable and net VAT due.
Can I mark some products as VAT exempt?
Yes, on the Professional and Enterprise plans. Each product or service can be taxable, exempt or zero-rated.
Track VAT on every sale and purchase, not one amount at a time.