All wizards... take a look this... How to compute Vatable amount from 12% VAT

SAMPLE GIVEN:
TOTAL AMOUNT
DUE 112.00
112.00 / 1.12 = 100.00(This is now your vatable amount)
100.00 * .12 = 12.00 (This is now your VAT amount)

VAT rate is only applicable for Philippine currency.