Q_tq7 ch07 - minimum tax

Q_tq7 ch07 - minimum tax

12th Grade

11 Qs

quiz-placeholder

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Q_tq7 ch07 - minimum tax

Q_tq7 ch07 - minimum tax

Assessment

Quiz

Financial Education

12th Grade

Hard

Created by

Phearin Hay

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of Minimum Tax?

A. It is the same as tax on annual income

B. It is a separate tax paid by taxpayers under the self-assessment regime

C. It is only applicable to Qualified Investment Plans (QIPs)

D. It is calculated based on Value Added Tax (VAT)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is Minimum Tax calculated?

D. Total Annual Turnover / VAT x 1%

B. Total Annual Turnover - VAT x 1%

C. Total Annual Turnover + VAT x 1%

A. Total Annual Turnover x 1%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key preferences granted to educational establishments according to Prakas No. 208 SHV/PK?

A. Postponement of tax income payment until 2025

B. Postponement of minimum tax payment until 2023

C. Only gross income is taxable

D. No preferences granted

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what case does an enterprise bear no due amount of minimum tax?

A. When minimum tax exceeds income tax

C. When there is no tax liability

D. When there is no annual turnover

B. When income tax exceeds minimum tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When can the tax credit be carried forward for the next tax year?

B. When the minimum tax exceeds the tax credit

C. When there is no tax credit

D. When the tax credit is used for prepayment tax on income

A. When the tax credit exceeds the minimum tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the criteria for educational establishments to qualify for tax preferences under Prakas No. 208 SHV/PK?

A. Must have a minimum annual turnover

B. Must be registered with the Ministry of Education

C. Must be engaged in educational activities

D. Must have foreign ownership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the tax credit amount determined for enterprises?

A. Based on the number of employees

B. Based on the annual turnover

C. Based on the amount of VAT paid

D. Based on the type of industry

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