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Posts: 46 | Thanked: 20 times | Joined on Mar 2013 @ In the Arctic part of Norway
#1460
Originally Posted by IlkkaP View Post
In EU, VAT is added to the VAT-free price. If the price including VAT is 399,00 €, then VAT-free price is 399,00 € / 1,24 = 321,77 € and VAT is 399,00 € - 321,77 € = 77,23 € (= 24 % x 321,77 €).
Thank you for the explanation IlkkaP and att, I stand corrected.

Last edited by trashin; 2013-12-20 at 07:26. Reason: added att