Calculate GST in the Blink of an Eye

Calculate GST in the Blink of an Eye

Even with a calculator close to hand, a few shortcuts to help you calculate Goods and Services Tax (GST) are real handy.

The whole business of dividing or multiplying by can get very ugly indeed, so here’s Smarts handy hints for working out GST content in New Zealand.

To calculate how much GST to add Multiply by 0.15
To add GST to arrive at a total price Multiply by 1.15
To calculate how much GST is included in a price Divide by 7.667
To calculate how much the price was before GST Divide by 1.15

 

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This entry was posted on Monday, December 5th, 2011 and is filed under Accounts.

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