Tax blog: guides, worked examples and explainers – page 9
Practical guides with worked examples, each linked to a calculator you can use straight away.
- How much of your salary you keep in Sri Lanka
A clear way to estimate net salary in Sri Lanka from gross pay, using an effective income tax rate and a social contributions rate.
- Extracting 5% VAT from a Oman price
Why you cannot just subtract 5% from a gross price in Oman, and the correct formula for extracting VAT.
- Depreciation deductions: what families need to know
Depreciation deductions explained for families, with a worked example, a checklist and the mistakes to avoid.
- Adding 20% VAT in Morocco: step by step
A step-by-step method for adding 20% VAT to any net price in Morocco, with a ready-made table of common amounts.
- VAT invoices in Dominican Republic: a practical checklist
The details a VAT invoice in Dominican Republic normally needs, how to lay out tax per line, and a worked invoice example at 18%.
- Take-home pay in District of Columbia: federal, state and FICA explained
How federal income tax, District of Columbia state tax and FICA come out of each paycheck, with an example for a biweekly pay schedule.
- Maryland sales tax guide: the 6% state rate and local add-ons
The 6% state sales tax rate in Maryland, how local rates add on top, and a worked example for shoppers and sellers.
- GST invoices in Singapore: a practical checklist
The details a GST invoice in Singapore normally needs, how to lay out tax per line, and a worked invoice example at 9%.
- Estimating property tax in Canada
How property tax is typically calculated from an assessed value and a rate, with a monthly budgeting figure for owners in Canada.
- Crypto taxes for small business owners: a practical guide
Crypto taxes explained for small business owners, with a worked example, a checklist and the mistakes to avoid.
- Tax savings from retirement contributions: what retail shop owners need to know
Tax savings from retirement contributions explained for retail shop owners, with a worked example, a checklist and the mistakes to avoid.
- Importing goods into Oman: duty and VAT on the landed cost
How import duty and 5% VAT stack up on shipments into Oman, with a worked landed-cost example.
- How VAT works in Trinidad & Tobago (12.5% standard rate)
How the 12.5% standard VAT rate in Trinidad & Tobago works, with a worked example, the shortcut formula and the mistakes that cost businesses money.
- How Alaska property taxes are calculated
Estimate Alaska property tax from assessed value and your local rate, and plan for it monthly.
- Capital gains tax for Oklahoma residents
How federal and Oklahoma state taxes apply to capital gains, with a worked example.
- Should you tip on the pre-tax or post-tax total in Missouri?
How restaurant sales tax works in Missouri and why many diners tip on the pre-tax amount.
- Reverse VAT in Italy: find the net price from a gross price
Why you cannot just subtract 22% from a gross price in Italy, and the correct formula for extracting VAT.
- Quebec sales tax: GST, HST and PST at 14.975%
How the 14.975% combined sales tax in Quebec is made up and how to calculate it on any price.
- Import duty and VAT in Netherlands: how to estimate the landed cost
How import duty and 21% VAT stack up on shipments into Netherlands, with a worked landed-cost example.
- How to calculate sales tax in Texas
The simple formula for sales tax in Texas, how to include local rates, and how to reverse it from a receipt.