How it’s calculated
- Net → VAT:
VAT = amount × 0.05 - Net → Gross:
Gross = Net + VAT - Gross → Net:
Net = Gross ÷ 1.05
FAQ
Is the result legally binding?
No. Informational only — confirm rate/rounding in your accounting system.
Rounding
Nearest / Up / Down as selected — minor cent differences may occur.