Tax points: 10 points refer to the percentage of tax calculated on the basis of the contract amount. The calculation depends on whether the contract is based on the amount including tax or excluding tax. Here's how to calculate each of these two cases:
1.Calculation of tax points in the case of tax-included amounts:
Let's say the contract amount is 1 million. The tax point is 10 points, which is equivalent to 10%.
First of all, according to the definition of tax points, it is necessary to calculate the net amount of the contract amount after deducting taxes. It is calculated as: Net amount = contract amount (1 + tax points).
Here, the tax point is 10%, which is 01。Substitution formula: net = 1 million (1 + 0.).1) = 90.9.09 million.
Next, calculate the tax amount. Tax amount = contract amount - net amount = 1,000,000 - 909,090,000 = 90.91 million.
Therefore, if the contract is based on the tax-included amount, the tax amount corresponding to 10 tax points is 90.91 million.
2.Calculation of tax points in the case of tax-exclusive amounts:
Let's say the contract amount is 1 million. The tax point is 10 points, which is equivalent to 10%.
In this case, the calculation of the tax point is directly based on the contract amount. The formula is calculated as: Tax Amount = Contract Amount Tax Point.
Substitution calculation formula: tax amount = 1 million 01 = 100,000.
Therefore, if the contract is based on the amount excluding tax, the tax amount corresponding to 10 tax points is 100,000.
It is important to note that the above calculations are only examples and may vary depending on the region and relevant regulations. In practice, it is advisable to consult a professional for specific calculations to ensure accuracy. Taxation Lessons