How it’s calculated
- Net → VAT:
VAT = net × rate. - Net → Gross:
gross = net + VAT. - Gross → Net:
net ≈ gross ÷ (1 + rate)(with rounding),VAT = gross − net.
Rounding (nearest / up / down) is applied to VAT when starting from net, or to net when starting from gross. It rounds to the smallest unit of the selected currency (e.g., $0.01).