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Cielo - Product Champion
Level 2

What is the difference between tax exclusive and tax inclusive?

What is the difference between tax exclusive and tax inclusive? 

Solved
Best answer July 30, 2020

Best Answers
Cielo - Product Champion
Level 2

What is the difference between tax exclusive and tax inclusive?

Tax-exclusive

 

This refers to the amount of tax paid as a proportion of the pretax value of whatever is taxed.

 

Exclusive.PNG

To calculate how much GST to add, multiply by 0.1.

 

Tax-inclusive

 

This refers to the amount of tax paid as a proportion of the after-tax value.

 

Inclusive.PNG

To calculate how much GST is included in a price, Divide by 11.

 

I hope this helps!

 

View solution in original post

1 Comment
Cielo - Product Champion
Level 2

What is the difference between tax exclusive and tax inclusive?

Tax-exclusive

 

This refers to the amount of tax paid as a proportion of the pretax value of whatever is taxed.

 

Exclusive.PNG

To calculate how much GST to add, multiply by 0.1.

 

Tax-inclusive

 

This refers to the amount of tax paid as a proportion of the after-tax value.

 

Inclusive.PNG

To calculate how much GST is included in a price, Divide by 11.

 

I hope this helps!

 

View solution in original post