307 FE

Vertical equity in taxation requires:

• A Tax laws to adapt automatically to economic changes.

• B That those with more ability to pay contribute more taxes.

• C The elimination of corruption in tax administration.

• D That all taxpayers pay the same amount regardless of ability.

In the tax year assessment, Mr. Minh has a total income of VND 500,000,000 from working overtime. Calculate the taxable income of Mr. Minh in the tax year assessment, given that his overtime rate is 1.25 times the amount of his regular pay rate.

• A VND 500,000,000

•  VND 450,000,000

• VND 625,000,000

• VND 400,000,000

In Vietnam, Vinamilk, a leading dairy company, is located in a rural area. How might the government use taxation to encourage Vinamilk to expand its operations to industrial zones?

•  Increase corporate income tax on their rural operations 
  

• Reduce import duties on raw milk from overseas 
  

• Offer tax incentives for investments in industrial zones 
  

• Impose environmental taxes on dairy farming activities

  
  

Which of the following best describes the three key elements in defining the tax base for personal income tax?

• Employment income, business income, and investment income.

• Gross income, net income, and tax offsets.

• Taxpayer, tax period, and tax rates.

• Taxable income, exempt income, and deductions.

 In Vietnam, personal income tax rates are designed to reflect the "ability to pay" principle. How is this principle related to the Vietnam's personal income tax? 

• The "ability to pay" principle is not related to the progressivity of Vietnam's personal income tax.

•  The "ability to pay" principle is used to justify a proportional personal income tax in Vietnam.

• The "ability to pay" principle is used to justify a progressive personal income tax in Vietnam. 

  
  

•  The "ability to pay" principle is used to justify a flat-rate personal income tax in Vietnam.

  
  

FPT Corporation, a leading technology firm in Vietnam, earned a base turnover of VND 800 billion in 2023. The corporate income tax rate applicable is 20%. During the same period, FPT Corporation was eligible for a tax reduction of VND 120 billion due to engaging in research and development activities. Calculate the corporate income tax payable by FPT Corporation. 

• VND 136 billion

• VND 180 billion 

• VND 166 billion

• VND 160 billion

Microsoft Corporation operates a subsidiary in Vietnam, which supervises the construction of data centers and earns income within the country. How will Microsoft's subsidiary's Corporate Income Tax obligations be determined under Vietnamese law?

• Microsoft's global operations are taxed in Vietnam.

• The subsidiary is only subject to corporate income tax on income generated outside Vietnam.

• The subsidiary is exempt from corporate income tax because it is not an independent legal entity.

• The subsidiary is subject to corporate income tax on income earned within Vietnam through its business activities.

8, What type of income is subject to corporate income tax under Vietnamese law? 

• A Both incomes derived in Vietnam and overseas incomes.

  
  

• B Only incomes generated within Vietnam by Vietnamese enterprises. 

  
  

• C Only incomes earned outside Vietnam by foreign enterprises. 

  
  

• D Only incomes generated within Vietnam by foreign enterprises.

  
  

9, What is the primary purpose of taxation? 

• A To regulate natural resource use. 

• B To promote voluntary donations. 

• C To enforce economic compliance. 

• D To generate government revenues.

10, What is the key requirement for a stable tax system? 

• A Policies that remain relatively stable for a period of time 

• B Minimal administrative expenses 

• C Frequent revisions to adapt to market conditions 

• D Automatic adaptability to socio-economic changes