Post by Anthony Colby on Jun 4, 2013 23:18:15 GMT
This formula comes to the University via AppleMan.
The trick to foreign export taxes, and taxes in general is having the right formula.
When calculating taxes you add the 2 rates together then multiply times the BEFORE tax price.
Before Tax x (Import% + VAT%) = Price With Taxes
or you can work it backwards
Market Price / (1 + (Import% + VAT%)) = Net Income
So Let's take the example of exporting to India:
Selling Q7 at 10cc
Import 15%
VAT 10%
To find how much $ you get from each Q7 sold:
10 / (1 + (15% + 10%)) = 8
or 10/(1+25%)=8
or 10/1.25=8
Once you know how to do it it's easy.
Here is a screenshot of a spreadsheet you can use.
Spreadsheet
The trick to foreign export taxes, and taxes in general is having the right formula.
When calculating taxes you add the 2 rates together then multiply times the BEFORE tax price.
Before Tax x (Import% + VAT%) = Price With Taxes
or you can work it backwards
Market Price / (1 + (Import% + VAT%)) = Net Income
So Let's take the example of exporting to India:
Selling Q7 at 10cc
Import 15%
VAT 10%
To find how much $ you get from each Q7 sold:
10 / (1 + (15% + 10%)) = 8
or 10/(1+25%)=8
or 10/1.25=8
Once you know how to do it it's easy.
Here is a screenshot of a spreadsheet you can use.
Spreadsheet
