Step 5 of 5
You are left with 0 BGN monthly. How much of this do you spend and how much do you save?
You have indicated higher monthly consumption than the one that can be covered by your monthly wage.
The VAT paid is estimated on the basis of the consumption input. There are some assumptions here, as not all consumption is comprised of goods and services for which VAT is payable. For instance, VAT is not owed for rent or mortgage loan payments. In some other areas, education services for instance, there is also no VAT. In this calculation we assume that VAT is owed for 70% of the monthly consumption.