Understanding your VAT obligations is crucial for businesses in Kenya. Our VAT Payable / Credit Calculator helps you quickly determine the VAT due based on your total sales and total purchases. Whether your amounts are VAT-inclusive or VAT-exclusive, this tool ensures accurate calculations for tax compliance.
How the VAT Payable / Credit Calculator Works
Inputs:
- Total Sales: Enter the total sales amount.
- Total Purchases: Enter the total purchases amount.
- VAT Rate: Default is 16%, but this can be adjusted.
- VAT Inclusive or Exclusive Option: Choose whether your input amounts already include VAT or if VAT needs to be added.
Outputs:
- VAT on Sales: Calculates the VAT portion of your total sales.
- VAT on Purchases: Computes the VAT from total purchases.
- Net VAT Payable / Credit Carried Forward: Determines the difference (VAT on Sales – VAT on Purchases).
How to Interpret the Results
- If VAT on Sales > VAT on Purchases, you owe VAT to the Kenya Revenue Authority (KRA).
- If VAT on Sales < VAT on Purchases, you have excess VAT credit that can be carried forward to offset future VAT obligations.
Why Use This VAT Calculator?
✅ Quick & Accurate: No need for manual calculations. ✅ Customizable VAT Rate: Adjust the VAT percentage if needed. ✅ User-Friendly Interface: Simple and intuitive design for easy use. ✅ Compliant with Kenya’s VAT Regulations: Ensures you’re always tax-ready.
Get Started Now!
Use our VAT Payable / Credit Calculator to simplify your VAT reporting. Enter your sales and purchases today to determine your VAT obligations instantly!