Which of the following is NOT taxable income when determining the assessable income of individuals?

Nam Phat Company engaging in production has the following data for the tax year 2020: Base turnover: VND 200 billion. Total expenses allocated for declared turnover: VND 170 billion of which: • Donation for scholarship to APD University: VND 200 million; • Interest expense: VND 6,000 million of which VND 2,000 million is equivalent to the interest of the lack of charter capital. • Uniform expense: VND 700 million. The other expenses are deductible. All of the expenses have sufficient legitimate invoices or vouchers; This company has 100 employees. CIT rate: 20%. The CIT amount payable by Nam Phat Co. for the tax year is:

The cap of interest rate for loans borrowed from entities or individuals other than commercial banks or credit institutions is:

VINFAST Manufacturing and Trading Co., Ltd launched 7-seat Lux SA2.0 car with history cost of VND 1.8 billion/unit (Price excluding VAT). In the tax year, the company uses 20 cars for customers to test drive. The life span of the car is 10 years. What is the non-deductible depreciation expense for these cars?

Mr. Tung is Vietnamese resident for the tax year 2022. In the tax year, he received of VND 500 million from interest. Of which VND 380 million from the loan contract with ABC manufacturer company (after deduction tax at source) and the balance from Vietcombank account. What is the PIT payable by Mr. Tung in the tax year 2022?

Which of the following item is not condition for tax deduction?

Vietnamese enterprise A receives an income of VND 850 million from an investment project in country XY (Company income tax that A has been paid in XY was VND 150 million. Vietnam and XY have not signed the Double Tax Agreement yet). Tax on income from the overseas investment project under Vietnam's Law on Enterprise Income Tax will be:

What is the maximum amount of the voluntary pension fund/ life insurance expenses that company can claim when determining the corporation income tax?

In the tax year 2022, Mrs. Kim – resident in Vietnam – received dividend of VND 1,900 million from Company Vietnam Kafe (Net of tax). What is the PIT payable of Mrs. Kim in the tax year 2022?

A resident has the following incomes: (a) Winning prizes; (b) Capital investment; (c) Transfer of capital; (d) Franchising. Income in excess of 10 million VND/time or contract subject to personal income tax is:

Total expenses declared by a company for a tax year is VND 5,000 million of which: • Fines for late payment of VAT: VND 50 million; • Donation to build a state hospital: VND 100 million; • House rent expenses for the year: VND 200 million. The rest expenses are deductible. All the expenses have legitimate invoices and vouchers and paid through banks. The deductible expenses of the company for the tax year is (million dongs):

The company incurred an expense of VND 1500 million for the uniform for employees. Of which, VND 300 million is paid to garment companies (it had valid invoices) and the remaining VND 1,200 million is paid in cash. Company has 150 employees. How much the deductible uniform expenses of company for determining corporate income tax?

If you are resident taxpayer, you can

Regulations on family allowances only apply to individuals with income from:

Which of the following expenses is the non deductible when determining taxable income of company?

Personal income tax is

resident individual means a person that meets the following conditions:

Vietnamese enterprise A receives VND 850 million income from country XY, tax already paid 15%. No DTA. Tax payable under Vietnam’s Law = ?

Company An Phuong has information following in the tax year 2020: - Salary fund: VND 500 million. - Salary actually paid at March 31 2021: 400 What a maximum amount of salary and wages is deductible expenses in the case that company claim maximum amount of salary provision fund?

Which of the following expenses (with valid invoices) is non-deductible?

In March 2022, Mr. Kevin (resident in Vietnam) won lottery = 1,800m. PIT payable = ?

Mr. Bas is unmarried man, has been working in Vietnam for 5 years. In the tax year 2022, he has the following information: 1. Income: • Gross salary: VND 3,360 million (không được trừ) • Interest from deposit at a SHB Bank: VND 50 million 2. Expenses: • Compulsory Insurance: VND 360 million The total PIT amount payable by Mr. Bas in the tax year 2022 is:

Mr. Nam is a resident individual in Viet Nam. In tax year 2020, he has the following incomes: • Salary after paying compulsory insurance fee: VND 384,000,000; • Dividend received (Net of tax): VND 47,500,000. The total PIT amount payable by Mr. Nam in the tax year 2020 is:

Which of the following expenses with sufficient legitimate invoices and vouchers is deductible:

The children relief are applying to children who:

The company incurred an expense of VND 1500 million for the uniform for employees. Of which, VND 300 million is paid to garment companies (it was non-cash payment and had invoices) and the remaining VND 1,200 million is paid in cash. Company has 150 employees. How much the deductible uniform expenses of company for determining corporate income tax?

In a statement of income of a taxpayer, there are the following incomes and remuneration in kind: (a) House allowance in cash; (b) Leadership allowance; (c) The excessive salaries for overtime work; (d) Occupational allowance as stipulated by law. What items above are subject to PIT?

In a statement of income of a taxpayer, there are the following incomes and remuneration in kind: (a) Salaries; (b) Toxicity allowance as stipulated by law; (c) Bonus for performance; (d) One-off relocation allowance as stipulated by law. What items above are subject to PIT?

We have a list of the following incomes and remuneration in kind: (a) The payment of employer for cars rent to carry their employees from home to work and vice versa; (b) Danger allowance as stipulated by law; (c) Bonus on the occasion of National day; (d) Wages. What items above are not subject to PIT?

We have a list of the following incomes and remuneration in kind: (a) Children’s university tuition fee paid by an employer for Vietnamese employees who work overseas; (b) Pension; (c) Rewards by an employer named “Engineer of the Year”; (d) National defense allowance as stipulated by law. What items above are subject to PIT?

Which of the following incomes that only the excessive amount of VND 10 million are subject to PIT?

(a) Royalty;
(b) Capital Investment;
(c) Capital transfer;
(d) Winning prizes

In May 2021, Mrs. Hong, a Vietnamese tax resident won a lottery worth VND 181 million (net of PIT). The amount of PIT deducted at source by the lottery company for Hong’s PIT liability is (VND million):

Mr. John, a non-resident taxpayer in Vietnam, won a prize in a game show on TV of VND 60 million (gross income). The income tax amount payable by Mr. John for this income is (VND million):

Ms. Duyen Ly is a Vietnamese citizen. During 2021, she received a gross monthly salary of VND100 million, plus a bonus equal to two months’ salary in April 2021, relating to her work performance in 2020. Her employer also paid rent for an apartment for her family at an annual cost of VND240 million. What is Ms. Duyen Ly’s taxable income tax (PIT) in the year 2021 (VND million)?

In March 2020, Ms. Huyen paid VND4,000 million to buy a house in Hanoi. In May 2020, Ms. Huyen sold this house to Mr. Long at VND6,000 million. What is the amount of PIT that Ms. Huyen has to pay related to the sale of the above house (VND million)?

In January 2021, Mr. Lee Tan Hong, a 40-year-old Malaysian citizen, started his employment in Vietnam for VFC Co, a Vietnamese company. In March 2021, his wife Allan, a 35-year-old Malaysian citizen, suffered an accident in Malaysia. She was not handicapped, but had to move to Vietnam to live with Lee from April 2021 to the end of the 2021 year. She had no income in 2021. VFC Co provided Lee with cash support of VND 120 million towards medical care expenses for Allan in Vietnam during 2021. What is the total family deduction (in VND millions) Mr. Lee Tan Hong can claim in the year 2021 relating to his personal income tax (PIT)?

Mr. Minh is a Vietnamese tax resident. He has two children, a 20-year-old son who is an undergraduate student in Tai chinh University and a 9-year-old daughter. His mother, 75 years old, has retired with a monthly pension of VND4 million, lives with him. His son doesn’t have any income in 2020. Mr. Minh declared for 3 dependents when filing PIT return of the year 2020 with sufficient documents as stipulated by law. What is the total family deduction (in VND millions) Mr. Minh claim in the year 2020 relating to his personal income tax (PIT)?

Ms. Duyen Le, a Vietnamese citizen, works for PMN Co. During 2020, she received a gross monthly salary of VND 30 million, plus a monthly leadership allowance of VND5 million. In November 2020 PMN gave her a gift in cash worth VND 20 million on the occasion of her wedding. Duyen has no dependents. What is Ms. Duyen Le’s amount of PIT payable in the year 2020 (VND million)? Given that the Duyen Le’s income above is net of compulsory contributions.

TSC is a production company. On 1 January 2020 TSC purchased a five-seat car with price exclusive of VAT at VND 2.4 billion. The purchase is supported with a legitimate invoice and bank payment note. Under the Ministry of Finance’s stipulation, the time for depreciation of this type of car ranges from 6 years to 10 years. TSC decided to depreciate this car in 6 years. The amount of depreciation expense deductible for determining taxable income in 2020 by TSC is (nearest Vietnam dong):

TMC is a garment company. In 2020, TMC decided to pay life insurance for 100 employees with a monthly fee of VND 5 million per employee. This payment is stipulated in TMC’s financial regulation and supported with legitimate invoices. Bank payment was done for this payment. TMC has been compliant with all compulsory insurances. The amount of life insurance expense deductible for determining taxable income in 2020 by TMC is ?

GM is a trading company. In 2020, GM incurred an interest expense for loans from GM’s employees at VND 14,000 million at the rate of 14% per annum. This expense is supported with legitimate vouchers and documents. GM’s charter capital had been fully contributed by December 2019. The base interest rate announced by the State Bank of Vietnam is 8% per annum. The amount of interest expense deductible for determining taxable income in 2020 by GM is (VND million):

GMS is a production company. In 20XX, GMS incurred an interest expense for loans from GMS’s employees at VND 15,000 million at the rate of 15% per annum. This expense is supported with legitimate vouchers and documents. During 20XX, GMS’s lack of charter capital was VND 12,000 million. The base interest rate announced by the State Bank of Vietnam is 8% per annum. The amount of interest expense deductible for determining taxable income in 20XX by GMS is (VND million):

Duc Thanh Co. ltd (Long Thanh) is a Vietnamese company. All of its products are subject to VAT. All of its purchases in 20XX were used for the goods sold and supported with legitimate invoices and vouchers. Bank payments were done for all purchases of Duc Thanh. Among Duc Thanh’s total expenses declared for CIT purpose in 20XX, There are some as follows: (a) Wages to employees; (b) Foreign contractor’s income tax deduction at source with gross price; (c) Donation to build the Academy of Finance; (d) Donation to Hanoi’s Youth Union. Expenses which are not deductible for CIT purpose are:

A company paying VAT under credit method rents 10 apartments for 5 years. The price exclusive of VAT for 5 years of renting is VND 1,000 million and paid all in advance. VAT rate for this service is 10%. This company chooses to book the cost of the apartments annually. The base turnover for CIT is (million dongs):

Total expenses declared by a company for a tax year is VND 5,000 million of which: • Fines for late payment of VAT: VND 50 million = không được trừ • Donation to build a state hospital: VND 100 million = được trừ • House rent expenses for the year: VND 200 million = được trừ The rest expenses are deductible. All of the expenses are supported with legitimate invoices and vouchers and paid through banks. The total deductible expenses of the company for the tax year is (million dongs):

Total expenses declared by a company engaged in production for a tax year is VND 6,000 million of which:

·        Life insurance premiums of employees which is silent in the labor contracts and other documents: VND 200 million; không được trừ

·        Non credited input VAT because of late declaration: VND 100 million; được trừ

·        Donation to build houses to the poor as stipulated by law: VND 50 million; được trừ

All of the expenses are supported with legitimate invoices and vouchers and paid through banks. The rest expenses are deductible.

The total deductible expenses of the company for the tax year is (million dongs):

Data on incomes and expenses of a company is as follows: • Total turnover: VND 100 billion • Total deductible expenses: VND 90 billion • Net income received from a domestic joint venture (After income tax): VND 2 billion • Losses carried forward: VND 4 billion The assessable income for income tax of the company for the tax year is (billion dongs):

ABC Co engaging in production has the following data in 20XX: • Base turnover: 100 billion dongs • Total expenses declared: 80 billion dongs of which: o Interest expense corresponding to the lack of charter capital: 2 billion dongs; không được trừ o Support for the ABC’s Youth Union in organizing its activities: 1 billion dongs; được trừ The rest expenses are deductible. All the expenses are supported with sufficient legitimate invoices or vouchers. Bank payments are applicable to all purchases. Standard CIT rate is applicable to this corporation. CIT payable amount by this corporation for the tax year 20XX is (billion dongs):

AC Co engaging in production has the following data in 20XX: • Base turnover: VND 120 billion • Total expenses declared: VND 110 billion of which: o Office rent paid in advance of 4 years exclusive of VAT: VND 4 billion o Donation as scholarship to Ton Duc Thang University: VND 1 billion; được trừ The rest expenses are deductible. All the expenses are supported with sufficient legitimate invoices or vouchers. Bank payments are applicable to all purchases. Standard CIT rate is applicable to this corporation. CIT payable amount by this corporation for the tax year 2019 is (VND billion):

Viet Phat is a Vietnamese company. Among its products, salt is not subject to VAT, the rest products are subject to VAT. In July 20XX, in its sale report has the following transactions: (a) Exportation of cars; (b) Cars sold to an export processing enterprise; (c) Exportation of salt; (d) Salt sold to an export processing enterprise. Given that, all documents and procedures as stipulated by laws are sufficient. Sales subject to zero rated of VAT are:

In March 20XX, TMC Co bought 10 tons of materials for production at VND 2,000 million, exclusive of VAT. This purchase was paid by cheque and supported with a legitimate invoice. Unfortunately, there was a fire which destroyed all of these materials. Under the insurance contract, only 60% of the loss was compensated by the insurance company. TMC keeps all the necessary documents of the loss as stipulated by law.

A company conducting business in car manufacture has the following data on turnover for a tax month: • Exported 20 five-seat cars with FOB price of VND400 million for each; • Sell 10 five-seat cars to an EPZ enterprise with before-VAT price of VND500 million for each; • Sell 100 coaches in domestic market with before-VAT price of VND700 million for each; • VAT rate applicable to cars and coaches is 10%. Exported cars and cars sold to EPZ enterprise are supported with sufficient documents. The output VAT of this company in the tax month is (VND million):

TC Co, a Vietnamese company, engages in production of vehicles. Data related to VAT liabilities in June 20XX is as follows (VND million): • Sale of five-seat cars in domestic market at VAT-exclusive price: VND30,000 (10%) • Sale of five-seat cars to companies in export processing zones at VAT-exclusive price: VND20,000 (10%) • Exportation of lorries at VAT-exclusive price: VND40,000 (0%) • Purchases of materials at VAT-exclusive price: 40,000. All invoices are legitimate. All of the purchases were paid by cheque except for two purchases below: o A purchase of an equipment worth of 100 (VAT-exclusive price) o A purchase of some stationery worth of 19 (VAT-exclusive price) Given that, VAT rate applicable to all goods sold and purchased is 10%.

The amount of VAT payable for June 20XX of TC Co is (VND million):

A beer production company in the tax period sells beer with before-VAT. The base VAT price per liter for beer is: price VND16,500/liter. The excise duty rate for beer is 65%, VAT rate is 10%.

A company paying VAT under credit method rents 10 apartments for 5 years. The price exclusive of VAT for 5 years of renting is VND1,000 million and paid all in advance. VAT rate for this service is 10%. This company chooses to book the cost of the apartments annually. The base turnover for CIT is (million dongs):

A resident individual means a person that meets the following conditions:

ABC Co engaging in production has the following data in 2019: • Base turnover: 100 billion dongs • Total expenses declared: 80 billion dongs of which: • Interest expense corresponding to the lack of charter capital: 2 billion dongs (not deductible) • Support for the ABC’s Youth Union in organizing its activities: 1 billion dongs (deductible) The rest expenses are deductible. All the expenses are supported with sufficient legitimate invoices or vouchers. Bank payments are applicable to all purchases. Standard CIT rate is applicable to this corporation. CIT payable amount by this corporation for the tax year 2019 is (billion dongs):

AC Co engaging in production has the following data in 2019: - Base turnover: VND 120 billion - Total expenses declared: VND 110 billion of which: • Office rent paid in advance of 4 years exclusive of VAT: VND 4 billion → deductible for 1 year: 1 billion • Donation as scholarship to Ton Duc Thang University: VND 1 billion (deductible) The rest expenses are deductible. All the expenses are supported with sufficient legitimate invoices or vouchers. Bank payments are applicable to all purchases. Standard CIT rate is applicable to this corporation. CIT payable amount by this corporation for the tax year 2019 is (VND billion):

An enterprise, who apply credit method, sells computer, has the following data: - Sale of 100 units at the before-VAT price of VND 8,000,000/unit in the domestic market. - Sale of 50 units at the total sale price of VND 8,800,000/unit in the domestic market. On added value invoice, the VAT amount is not written. - Export 200 units at FOB price of VND 9,000,000/unit. - VAT rate: 10%. Exported goods are supported with sufficient documents as prescribed by law. The output VAT amount is:

GMS is a production company. In 2019, GMS incurred an interest expense for loans from GMS’s employees at VND 15,000 million at the rate of 15% per annum. This expense is supported with legitimate vouchers and documents. During 2019, GMS’s lack of charter capital was VND 120,000 million. The base interest rate announced by the State Bank of Vietnam is 8% per annum. The amount of interest expense deductible for determining taxable income in 2019 by GMS is (VND million):

If you are resident taxpayer in Vietnam, you must be taxed on:

If you are resident taxpayer, you:

In March 2020, Mr. Kenny – the resident taxpayer in Vietnam – won a lottery with total value of VND 1,800 million. What is Mr. Kevin’s PIT payable?

In the tax period, Ha Lan Co. ltd, who apply credit method, purchased goods and services for production product A, which is taxable and product B which is an exempt item. Total VAT input written on added value invoices legible VND 30,000,000, in which for A is VND 10,000,000, for B is 4,000,000. The company cannot separate the remaining input tax for each item. Turnover of selling product A in the period is VND 150,000,000, product B is VND 50,000,000. The deductible input VAT amount is:

In the tax year 2020, Mrs. Kim – resident in Vietnam – received dividend of VND 1,900 million from Company Vietnam Kafe (Net of tax). What is the PIT payable of Mrs. Kim in the tax year 2020?

Mr. Albert, a Canadian citizen, arrived in Vietnam on 18 September 2020 to work under an employment contract. He stayed in Vietnam for the whole of the time until 19 June 2021 when he completed his employment contract and left Vietnam. What is the amount of personal relief to which Mr. Albert will be entitled to for his period in Vietnam?

Condition for deductible input VAT:

Data on incomes and expenses of a company is as follows: • Total turnover: VND 100,000 million • Total deductible expenses: VND 90,000 million • Income received from a domestic joint venture (before income tax): VND 600 million • Net income received from a domestic joint venture (After income tax): VND 400 million The taxable income for income tax of the company for the tax year is (million dongs):

Data on incomes and expenses of a company is as follows: • Total turnover: VND 100 billion • Total deductible expenses: VND 90 billion • Net income received from a domestic joint venture (After income tax): VND 2 billion • Losses carried forward: VND 4 billion The assessable income for income tax of the company for the tax year is (billion dongs):

Duc Thanh Co. It (Duc Thanh) is a Vietnamese company. All of its products are subject to VAT. All of its purchases in 2019 were used for the goods sold and supported with legitimate invoices and vouchers. Bank payment were done for all purchases of Duc Thanh. Among Duc Thanh’s total expenses declared for CIT purpose in 2019, there are some as follows: (a) Wages to employees; (b) Foreign contractor’s income tax deduction at source with gross price; (c) Donation to build the Academy of Finance; (d) Donation to Hanoi’s Youth Union. Expenses which are not deductible for CIT purpose are:

GM is a trading company. In 2019, GM incurred an interest expense for loans from GM’s employees at VND14,000 million at the rate of 14% per annum. This expense is supported with legitimate vouchers and documents. GM’s charter capital had been fully contributed by December 2018. The base interest rate announced by the State Bank of Vietnam is 8% per annum. The amount of interest expense deductible for determining taxable income in 2019 by GM is (VND million):

Personal income tax is

Rental income is the type of

Taxpayer registered to pay VAT under credit method can deduc input VAT for:

Timing to determine revenue of rendering services for CIT purpose is:

Timing to determine revenue of selling goods for CIT purpose is:

TMC is a garment company. In 2019, TMC decided to pay life insurance for 100 employees with a monthly fee of VND5 million per employee. This payment is stipulated in TMC's financial regulation and supported with legitimate invoices. Bank payment was done for this payment. TMC has been compliant with all compulsory insurances. The amount of life insurance expense deductible for determining taxable income in 2019 by TMC is (VND million):

Total expenses declared by a company engaged in production for a tax year is VND6,000 million of which: • Life insurance premiums of employees which is silent in the labor contracts and other documents: VND200 million; • Non credited input VAT because of late declaration: VND100 million; • Donation to build houses to the poor as stipulated by law: VND50 million. All of the expenses are supported with legitimate invoices and vouchers and paid through banks. The rest expenses are deductible. The total deductible expenses of the company for the tax year is (million dongs):

Total expenses declared by a company for a tax year is VND5,000 million. Fines for late payment of VAT: VND50 million. Donation to build a state hospital: VND100 million. House rent expenses for the year: VND200 million. The rest expenses are deductible. All of the expenses are supported with legitimate invoices and vouchers and paid through banks. The total deductible expenses of the company for the tax year is (million dongs):

TSC is a production company. On 1 January 2019 TSC purchased a five-seat car with price exclusive of VAT at VND2.4 billion. The purchase is supported with legitimate invoice and bank payment note. Under the Ministry of Finance's stipulation, the time for depreciation this type of car ranges from 6 years to 10 years. TSC decided to depreciate this car in 6 years. The amount of depreciation expense deductible for determining taxable income in 2019 by TSC is (nearest Vietnam dong):

The base VAT price for imported goods in the stage of importation is:

The cap of interest rate for loans borrowed from entities or individuals other than commercial banks, credit institutions or economic entities is:

The cap of uniform expense which is paid in cash to employees for CIT purpose is?

The children reliefs are applying to children who:

The data during the month of an enterprise who sells computer as follow: - Sale of 100 units at the before-VAT price of VND 10,000,000/unit in the domestic market. - Export 200 units at FOB price of VND 11,000,000/unit - Purchase 70 units with before-VAT price of VND 9,000,000 per unit - Purchase 40 units with price of VND 9,900,000 per unit stated on the sale invoice. - VAT rate 10% - Exported goods are supported with sufficient documents as prescribed by law The VAT amount payable is:

The data during the month of the enterprise, who apply credit method as follows: - Value of goods left at the beginning of the month: 200 units before VAT price of VND 100,000 - Purchase during the month: - Purchase 300 units, before-VAT price of VND 100,000 per unit - Purchase 200 units with before-VAT price VND 100,000 per unit. The VAT invoice is not written the seller's TIN. - Purchase 100 units with price written on sale invoice of VND 11,000,000. - Value of goods left by the end of the month: before-VAT price of VND 10,000,000. - VAT rate 10%. - All item is taxable and supported with receipt of bank payment. The deductible input VAT amount is:

The highest rate of corporate income tax under the Law on CIT is:

The lowest rate of corporate income tax under the Law on CIT is:

The VAT rates currently in Vietnam:

VAT is:

VAT is:

VAT is imposed on:

What is the type of income which has annual assessment period?

Which is applicable 0% VAT rate (with sufficient documents as stipulated by law)?

Which is exempt from declaring and paying VAT?

Which is VAT non-Taxable?

Which is VAT Taxable?

Which is VAT Taxable?

Which of the following contributions is not considered as a deduction when determining the taxable employment income?

Which of the following expenses are deductible under the Law on CIT (All are paid through banks and supported with legitimate invoices and vouchers):

Which of the following expenses are not deductible under the Law on CIT:

Which of the following expenses are not deductible under the Law on CIT:
A. Salaries paid to the owners of a two member limited liability company who act as director and vice-director of the company
B. Remuneration paid to a founder of the company who does not participate in the management of the company
C. Donation to the victims of a stone slide
D. Airfares for business trip

Which of the following income is not exempt when determining the assessable income of individuals?

Which of the following is NOT taxable income when determining the assessable income of individuals?

Which of the following items of income would not be subject to personal income tax in Vietnam?
(1) Medical support for fatal disease from the employer to the parent-in-law of an employee
(2) One time round trip home leave return air fares for the family of an expatriate employee
(3) Kindergarten tuition fees (learning abroad) paid for the children of a Vietnamese employee working abroad
(4) Voucher issued by the employer to an employee for lunches in the canteen operated by the employer

Which transaction where 0% rate is not applicable?

Who is VAT payer?

Who pays VAT under credit method?

Mrs. Hien, a Vietnamese resident taxpayer, has 2 children, a 6-year-old daughter and son born on 15 July 2022. Given that all procedures relating to family deduction are sufficient. What is the total family deduction (in VND millions) Mrs. Hien can claim in the year 2022 relating to her personal income tax (PIT)?

What is the type of income by which the progressive rates are applicable to resident taxpayers?

What is highest rate of CIT in Vietnam?

A. 60%
B. 50%
C. 32%
D. 30%

In March 2022, TMC Co bought 10 tons of materials for production at VND4,000 million, exclusive of VAT. This purchase was paid by cheque and supported with legitimate invoice. Unfortunately, there was a fire which destroyed all of these materials. Under the insurance contract, only 70% of the loss was compensated by the insurance company. TMC keeps all the necessary documents of the loss as stipulated by law. What is the amount of deductible input VAT for this purchase (VND million)?

: Which of the following items are subject to VAT at the rate of 0% (All procedures are sufficient)?

In a statement of income of a tax payer, there are the following incomes and remuneration in kind:
(a) Performance bonus
(b) Leadership allowance
(c) The excessive salaries for overtime work
(d) Occupational allowance as stipulated by law

What items above are subject to PIT?

GM is a trading company. In 2022, GM incurred an interest expense for loans from GM's employees at VND16,000 million at the rate of 16% per annum. This expense is supported with legitimate vouchers and documents. GM's charter capital had been fully contributed. The base interest rate announced by the State Bank of Vietnam is 8% per annum.

The amount of interest expense deductible for determining taxable income in 2022 by GM is (VND million):

: In May 2022, Mrs. Dung, a Vietnamese tax resident won a lottery worth VND64 million (net of PIT). The amount of PIT deducted at source by the lottery company for Dung’s PIT liability is (VND million):

A company paying VAT under credit method rents 10 apartments for 5 years. The price exclusive of VAT for 5 year of renting is VND 1,000 million and paid all in advance. VAT rate for this service is 10%. This company chooses to book the cost of the apartment once on the first year of the rent contract. The base turnover for CIT is (million dongs):

Which of the following incomes that only the excessive amount of VND10 million are subject to PIT: (a) Inheritance, (b) Capital Investment, (c) Franchising, (d) Capital transfer.

If you are resident taxpayer in Vietnam, you must be taxed on

In June 2022, Mr Nam, a non-resident taxpayer, received VND285 million net of PIT for a dividend from a joint stock corporation. The amount of PIT deducted at source by the joint stock corporation for Nam’s PIT liability is (VND million):

TSC Ltd. Co. (TDC) engages in transportation (All legal requirements are met).
On 1 July 2022 TSC purchased a five-seat car with price exclusive of VAT at VND2.4 billion.
The purchase is supported with legitimate invoice and bank payment note.
Under the Ministry of Finance’s stipulation, the time for depreciation this type of car ranges from 6 years to 10 years.
TSC decided to depreciate this car in 6 years.
The amount of depreciation expense deductible for determining taxable income in 2022 by TDC is (nearest Vietnam dong):

Data on incomes and expenses of a company is as follows:
(1) Total turnover: VND100 billion.
(2) Total deductible expenses: VND90 billion.
(3) Net income received from an domestic joint venture (After income tax): VND2 billion.
(4) Losses carried forward: VND5 billion.
The assessable income for income tax of the company for the tax year is (billion dongs):

Which of the following income is not exempt when determining the assessable income of individuals?

TMC is a garment company. In 2022, TMC decided to pay life insurance for 100 employees with a monthly fee of VND5 million per employee. This payment is stipulated in TMC’s financial regulation and supported with legitimate invoices. Bank payment was done for this payment. TMC has been compliant with all compulsory insurances. The amount of life insurance expense deductible for determining taxable income in 2022 by TMC is (VND million):

Duc Thanh Co. ltd (Duc Thanh) is a Vietnamese company. All of its products are subject to VAT. All of its purchases in 2022 were used for the goods sold and supported with legitimate invoices and vouchers. Bank payment were done for all purchases of Duc Thanh. Among Duc Thanh’s total expenses declared for CIT purpose in 2022, there are some as follows:
(a) Wages to employees;
(b) Forein contractor’s income tax deduction at source with gross price;
(c) Donation to build the Academy of Finance;
(d) Donation to Hanoi’s Youth Union.
Expenses which are not deductible for CIT purpose are:

CFS Co, a Vietnamese company, engages in real estate business. In May 2022, the revenue of office rent which were paid in total at VND110 billion, in advance for 5 years inclusive of VAT. CFS has issued invoice of the rent in compliance with the law. VAT rate applicable to this service is 10%. What is the amount of output VAT of this service (VND billion)?

What is standard rate of CIT in Vietnam?

Mr. Hoan is a Vietnamese tax resident. He has two children, a 23-year-old son who is a postgraduate student in Hanoi University and a 16-year-old daughter. His mother, 70 year old, has retired with monthly pension of VND900,000, lives with him. His son doesn’t have any income in 2022. Mr. Minh declared for 3 dependants when filing PIT return of the year 2022 with sufficient documents as stipulated by law. What is the total family deduction (in VND millions) Mr. Hoan can claim in the year 2022 relating to his personal income tax (PIT)?