# Download Saudi VAT Payable Calculator Template In Excel

Saudi VAT Payable Calculator is use to easily calculate VAT payable liability by just entering details of purchase and sales.

According to Article 45 related to Calculating Tax mention in Value Added Tax – Implementing Regulations of Saudi VAT Law:

Thus, VAT Payable = Output Tax – Input Tax.

#### Article 45 – Calculating Tax (Value Added Tax Regulations – Saudi VAT)

We pay VAT when we purchases and collect VAT when we sell. VAT paid on the purchase is our Input Tax and VAT collected on sale is our Output Tax.

According to VAT Law, a taxpayer is eligible to claim input on purchases of the goods or services used for taxable supply. It is also called recoverable input tax.

A taxpayer to pay VAT at the time of import of goods. This VAT is paid under Reverse Charge Mechanism.

Considering the above points, we have create Saudi VAT Payable Calculator template with predefine formulas.

Just enter the details of sales, purchase, sales return, purchase return, imports, and exports and it will automatically calculate VAT payable to Tax Authority.

## Contents of Saudi VAT Payable Calculator

Saudi VAT Payable Calculator consists of 4 sections:

2. Input VAT Section
3. Output VAT Section
4. Summary Section

Usually, the header section consists of the supplier.

In addition to the above, you have to enter the Tax period for which you want to calculate VAT liability.

### 2. Input VAT Section

Input VAT section consists of following 4 columns.

Firstly Input VAT, second is VAT %, third is Taxable Value and fourth is VAT amount.

You need to enter respective amounts of items in the respective cells.

In VAT % column, enter the vat percentage applicable. VAT is 5 % in general. However you need to enter 0% if the purchases are zero-rated.

Taxable value is the total of each head from the books of accounts. VAT amount is calculate using the following formula:

VAT Amount = Taxable Value X VAT %

### 3. Output VAT Calculation Section

Similar to the input VAT section, the Output VAT section has the same four columns.

Enter the respective amounts in cells and it will automatically sum up for you. Subtotal of both Input VAT Section and Output VAT Section is given at the end of sheet.

### 4. Summary Section

The summary section has the final calculation of VAT that is Output Tax less of Input Tax as per Article 45.

VAT Payable (B-A) = Total of Output VAT (B) – Total OF Input VAT (A)

In case amount of VAT payable is negative then it means that you have balance with the tax authority and this balance can be carried forward to next tax period.

#### Download this Saudi VAT Payable Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Saudi VAT Payable Calculator Excel Template

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Saudi VAT Payable Calculator Template

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