Monday 31 March 2014

Version 1.4.0 released - Updated Japan tax and added a new feature

Today we are releasing another update to VAT Calculator regarding the increase from 5% to 8% of the Consumption tax in Japan, starting tomorrow 1st of April 2014.

We also introduced a requested feature, the percent (%) sign. This sign, if enabled in the settings menu, replaces the (±) sign. This means that starting on this version you can now do calculations with percentage like in a normal calculator.

The option to activate the percent (%) sign
Percent (%) sign activated
Lets say that you run a business and buy items from your supplier at 156,60 with a 20% VAT rate included, and you would like a 5% profit. Here is what you have to do:

  • Select the VAT included screen and type 159,60
  • In the VAT excluded screen you see the amount without taxes is 133,00. Now, you want to add to this amount (133,00) a 5% profit
  • Select the VAT excluded screen and press plus (+) 5 (%)
  • In the VAT included screen you have the selling price of the item - 167.58

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