The VAT Calculator iphone application delivered out of the box with VAT percentage rate of 16.00% (current Israel VAT rate). It is possible to set the VAT percentage to any other rate using the 'set VAT Rate' screen. After setting your own country VAT percentage rate, Choose from the tabs the option that you're holding; whether it's the Net Price, the VAT or both of them (the Gross Price). Enter your value in the 'Value' field and press the "Calculate" button to see the results