Subject specific to travel agents, the calculation of the VAT on Margin is necessary in the quotations.
Here are the formulas we use:
- Gross Margin = Selling price incl. VAT - Purchase price incl. VAT
- VAT on Margin = Gross Margin - Gross Margin / 1 + VAT rate
In order to delve deeper into the subject, we have written a more complete article :
If you still have a doubt, do not hesitate to exchange with our team in the chat of your space 😄.
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