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RFQ: 15/2017/18 SUPPLY AND DELIVERY OF LAPTOPS. PROCUREMENT DOCUMENTARY OF TENDERER:Total Bid Price (Inclusive of VAT):NOVEMBER 2017BIDDERS SHALL TAKE NOTE OF THE FOLLOWING BID CONDITIONS: a) No late
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How to fill out inclusive of vat

01
Identify the base price of the item or service. This is the price before adding VAT.
02
Determine the applicable VAT rate. In many countries, this is a specific percentage that is applied to the base price.
03
Calculate the VAT amount by multiplying the base price with the VAT rate.
04
Add the VAT amount to the base price to get the inclusive of VAT price.
05
Make sure to clearly indicate that the price is inclusive of VAT when presenting it to customers.

Who needs inclusive of vat?

01
Individual consumers who are purchasing goods or services for personal use.
02
Businesses that are not VAT-registered and cannot recover VAT input.
03
Tourists or visitors from abroad who are not eligible for VAT refund.

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Inclusive of VAT means that the price includes Value Added Tax.
Businesses that are registered for VAT are required to file inclusive of VAT.
To fill out inclusive of VAT, calculate the total price including VAT and clearly display the VAT amount.
The purpose of inclusive of VAT is to ensure transparency of pricing and to collect tax on goods and services.
The amount of VAT included in the total price and the total price inclusive of VAT must be reported.
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