ITP Introductory quiz

Standard VAT ___ in Poland is 23%.

• tax rate

• tax exemption

• tax scale

• tax deferral

Government or its representative eligible to impose and collect tax

• taxpayer

• tax authority

• tax advisor

• taxable entity

Amount of income, value of assets etc. subject to taxation

• taxpayer

• tax base

• tax treaty

• tax liability

Illegal actions as a result of which tax is reduced or nonexistent

• tax reduction

• tax avoidance

• tax evasion

• tax planning

ABC Inc. postponed its R&D spending to the next year because of the newly introduced tax credit. It is an example of:

• tax avoidance

• tax evasion

• tax shift

In 2024 VAT on books is raised from 5% to 21%. Therefore, booksellers increase the prices of books. It is an example of:

• tax wedge

• tax shift

• tax credit

• tax exemption

Monetary amount or transaction which is not subject to taxation

• tax scale

• tax exemption

• tax avoidance

• tax deferral

In Poland The State Treasury benefits from a CIT ___ exemption.

• subject-based

• object-based

The ratio between the amount of taxes and contributions imposed on the earnings and total labour cost is:

• tax wedge

• tax liability

• tax credit

• tax exemption

In country A 20% of spending on R&D reduces tax liability. It is an example of:

• tax credit

• tax deduction

• tax exemption

• tax scale