Calculate IGV from the Base Price: The user can input the base price of a product or service, and the calculator will compute the corresponding IGV (18% of the base price). It will also give the final price, which includes both the base price and the IGV.
Calculate Base Price from the Final Price: If the user knows the total price (including the IGV), the calculator can reverse the process, extracting the base price and the IGV amount separately.
Conversion Between Different Price Formats: It allows for easy conversion between prices that include IGV and those that do not, which is particularly useful in business accounting, invoicing, and reporting.
Tax Calculation for Different Goods or Services: Depending on the type of product or service, certain exceptions or tax rates might apply (such as for exports or exempt products). Some calculators may allow users to apply these rules, or they can be manually adjusted.