VAT calculation

Consumers often have confusion when prices are quoted with VAT. Monet calculates VAT according to the following formula:

PVM=Round(0.21* Round(TotalincludingVAT/1.21,2), 2)

Below is an example with numbers. In the first case, the amount including VAT is 21, in the second – 6.6:

Attention: VAT on all invoices is calculated on each line separately.