The portion of VAT can be calculated as follows:
Price (incl. VAT) x tax rate / ( 100 + tax rate)
E.g. graphic designer makes a 1000€ invoice in which 24% VAT is included. How many euros is the portion of VAT?
1000 € x 24 / (100 + 24)
=1000 € x 24 /124
=193,55 €
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