Calculate VAT for products with Minimum Taxable Values including carbonated drinks, beer, cigarettes, and cement.
Product Type | - |
Selling Price | K0.00 |
MTV Value | K0.00 |
VAT Base (Higher Value) | K0.00 |
VAT Amount (16%) | K0.00 |
Total Price | K0.00 |
Minimum Taxable Value (MTV) is a mechanism used to ensure that VAT is calculated on a minimum value for certain controlled products, preventing tax avoidance through undervaluation.