Tax blog: guides, worked examples and explainers – page 6
Practical guides with worked examples, each linked to a calculator you can use straight away.
- VAT versus sales tax explained for students
VAT versus sales tax explained for students, with a worked example, a checklist and the mistakes to avoid.
- India GST calculation: from net price to gross price
A step-by-step method for adding 18% GST to any net price in India, with a ready-made table of common amounts.
- How property tax bills are calculated in Greece
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Greece.
- District of Columbia freelancers: estimating self-employment tax
How the 15.3% self-employment tax works for freelancers in District of Columbia, the 92.35% rule, the wage base and the deduction for half of it.
- Reverse VAT in Sri Lanka: find the net price from a gross price
Why you cannot just subtract 18% from a gross price in Sri Lanka, and the correct formula for extracting VAT.
- Rental income tax: what families need to know
Rental income tax explained for families, with a worked example, a checklist and the mistakes to avoid.
- How to show 16% VAT on an invoice in Kazakhstan
The details a VAT invoice in Kazakhstan normally needs, how to lay out tax per line, and a worked invoice example at 16%.
- Budgeting for property tax in Sri Lanka
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Sri Lanka.
- Budgeting for property tax in Morocco
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Morocco.
- Withholding tax for landlords: a practical guide
Withholding tax explained for landlords, with a worked example, a checklist and the mistakes to avoid.
- Reverse VAT in Hungary: find the net price from a gross price
Why you cannot just subtract 27% from a gross price in Hungary, and the correct formula for extracting VAT.
- Ohio sales tax: the formula and a worked example
The simple formula for sales tax in Ohio, how to include local rates, and how to reverse it from a receipt.
- How tax brackets work explained for consultants
How tax brackets work explained for consultants, with a worked example, a checklist and the mistakes to avoid.
- Extracting 13% VAT from a Costa Rica price
Why you cannot just subtract 13% from a gross price in Costa Rica, and the correct formula for extracting VAT.
- Capital gains tax for Louisiana residents
How federal and Louisiana state taxes apply to capital gains, with a worked example.
- VAT invoices in Kenya: a practical checklist
The details a VAT invoice in Kenya normally needs, how to lay out tax per line, and a worked invoice example at 16%.
- How to add VAT to a price in Sweden
A step-by-step method for adding 25% VAT to any net price in Sweden, with a ready-made table of common amounts.
- How Minnesota property taxes are calculated
Estimate Minnesota property tax from assessed value and your local rate, and plan for it monthly.
- Gross to net salary in Bolivia: a simple estimate
A clear way to estimate net salary in Bolivia from gross pay, using an effective income tax rate and a social contributions rate.
- Capital gains tax for Maryland residents
How federal and Maryland state taxes apply to capital gains, with a worked example.