New Calculator: Find the GST Content of a GST Inclusive Price
Tuesday, 1 June 2010
With GST changing from 12.5% to 15% on 1 October 2010 the formula to calculate the GST content of a GST inclusive price also changes. To work out the GST content of a GST inclusive price...
- With GST at 12.5% divide the GST inclusive price by 9.
- With GST at 15% multiply the GST inclusive price by 3 then divide that result by 23
To help make this calculation easy (and in case you forget the formula) we've added a new calculator page which does it for you. It handles both 12.5% and 15% which also makes it easy to compare the before / after effect of the GST rate change.
GST Content of GST Inclusive Price Calculator
As always if you have any questions about the upcoming change to the GST rate or other 2010 Budget tax changes please ask us. We're always happy to help.
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