422
Tax
Tax calculator
Three calculators in plain Java (TaxService) - change a number and press Calculate.
How this works - feature 422 VAT in / out, withholding tax with gross-up, personal income tax.
Concepts
- VAT inclusive: net = gross x 100 / 107. Exclusive: VAT = net x 7 %.
- Withholding tax is on the amount before VAT.
- Gross-up: the payer bears the tax, base = net / (1 - rate).
- Personal income tax: progressive brackets from 0 % to 35 % on net income.
Read the code
service/TaxService#vatservice/TaxService#whtservice/TaxService#personalIncomeTax