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WorksheetsNotes on IRPC (Corporate Income Tax)
Total questions: 87
Worksheet time: 44mins
Who are the taxable subjects of IRPC?
Collective persons with and without legal personality, with residence and without residence in the country.
Only individuals with legal personality residing in the country.
Only foreign companies without residence in the country.
Only government entities operating within the country.
According to the passage, which entities constitute the main part of IRPC taxpayers due to their profit-oriented economic activity?
Cooperatives
Sociedades comerciais (Commercial societies)
Empresas Públicas (Public companies)
Autarquias Locais (Local authorities)
Fill in the blank: As ________, although part of the so-called social economy, are also subject to IRPC for the profits they obtain, even if they cannot distribute them to their members.
cooperatives
corporations
partnerships
sole proprietors
Public companies in Mozambique are exempt from IRPC according to article 9 of CIRPC.
True
False
Fill in the blank: Local authorities and their services, establishments, and public institutes are _______ from IRPC according to article 9, paragraph 1, of CIRPC.
exempt
liable
excluded
subject
According to the passage, public companies are taxed on IRPC for all income acquired in the same fiscal year, including income obtained ________ the national territory.
outside
inside
before
after
Which entities are not subject to tax on income from individuals in Mozambique?
Entities with legal personality and effective management in Mozambique
Entities without legal personality, with or without effective management in Mozambique, whose income is not taxable under personal income tax
Entities with legal personality, not based in Mozambique
Cooperatives and public companies
Entities with or without legal personality, that do not have headquarters or effective management in Mozambique and whose income obtained is not subject to IRPS, are taxed in Mozambique according to which principle?
Principle of residence
Principle of nationality
Principle of the source of income
Principle of exemption
Fill in the blank: The following are exempt from IRPC tax: __________, among others, as established by article 9 of the respective Code.
the State, Local Authorities, associations, federations
private companies and corporations
foreign individuals residing abroad
commercial banks and insurance companies
What is the object of the IRPC tax according to the text?
The object of the IRPC tax is constituted by income obtained by collective persons and only by income received by them.
The object of the IRPC tax is the value of goods exported by individuals.
The object of the IRPC tax is the total sales made by companies in a fiscal year.
The object of the IRPC tax is the property owned by natural persons.
According to the text, what is the basis of the tax for irregularly constituted societies?
Profit (O lucro) is the basis of the tax.
Revenue (A receita) is the basis of the tax.
Assets (O patrimônio) is the basis of the tax.
Number of members (O número de membros) is the basis of the tax.
Which entities are subject to IRPC when they do not exercise, as their main activity, a commercial, industrial, or agricultural activity?
Commercial companies and other IRPC taxpayers.
Only individuals with agricultural activities.
Non-profit organizations exclusively.
Foreign companies with no local operations.
The stable establishment located in national territory, of entities with or without legal personality, that do not have headquarters or effective direction in Mozambique, and whose income obtained there is not subject to IRPS, is subject to IRPC.
True
False
What types of activities are considered of a commercial, industrial, or agricultural nature for tax purposes?
All activities that consist of carrying out economic operations of a business nature, including the provision of services.
Only activities related to manufacturing goods.
Only activities involving the sale of agricultural products.
Only activities conducted by government entities.
Entities with headquarters or effective direction in Mozambican territory are subject to IRPC on: Choose the correct option.
Only the income obtained in Mozambique
The totality of their income, including that obtained outside Mozambique
Only the income obtained outside Mozambique
Entities that do not have headquarters or effective direction in Mozambican territory are subject to IRPC only on the income obtained in Mozambique.
True
False
According to the text, what is the applicable tax rate for IRPC as per article 61,m of the Código do IRPC?
25%
32%
30%
28%
What is the main purpose of the regime of fiscal transparency?
To increase double taxation
To eliminate double economic taxation of distributed profits
To reduce company profits
To avoid tax payments
Fill in the blank: The regime of fiscal transparency consists in the imputation to the partners of the income obtained by certain resident companies in Mozambican territory, regardless of whether or not there has been ________ of profits.
distribution
calculation
investment
reduction
Amortizations and reintegrations practiced beyond the maximum useful life are accepted as deductions according to Article 27 of CIRPC.
True
False
Which of the following is NOT accepted as a cost for reintegration of real estate according to Article 27 of CIRPC?
The part corresponding to the value of the land
The part subject to depreciation
The part corresponding to the value of buildings
The part corresponding to the value of improvements
Reintegrações de veículos ligeiros de passageiros ou mistos não são aceites pela parte que exceda ________ MT em valor de aquisição ou reavaliação, bem como barcos, helicópteros e aviões não utilizados por empresas de transporte público.
800.000,00MT
500.000,00MT
1.200.000,00MT
2.000.000,00MT
According to Article 29, what is the percentage applied to doubtful debts, with a cumulative limit, for the normal activity of a company at the end of the fiscal year?
1.5% with a cumulative limit of 6%
2% with a cumulative limit of 8%
1% with a cumulative limit of 4%
2.5% with a cumulative limit of 10%
According to Article 30, what are considered as costs in relation to bad debts?
Bad debts are considered costs to the extent that they result from enforcement, bankruptcy, or insolvency.
Bad debts are considered costs only if they are written off within the same financial year.
Bad debts are considered costs only if they are recovered in the subsequent year.
Bad debts are considered costs only if they are related to personal loans.
According to Article 35, what are considered costs or losses of the fiscal year regarding donations to the State and other entities?
Donations granted to the State and local authorities are considered costs or losses of the fiscal year in their entirety.
Only donations to private individuals are considered costs or losses of the fiscal year.
Donations to the State are not considered costs or losses of the fiscal year at all.
Only 50% of donations to the State and local authorities are considered costs or losses of the fiscal year.
According to Article 35-A, up to what limit are the remunerations of students in pre-professional internships considered costs or losses of the fiscal year?
Up to the limit of 25% of the charges recorded under this title in the respective fiscal year.
Up to the limit of 10% of the total annual revenue.
Up to the limit of 50% of the net profit for the fiscal year.
Up to the limit of 5% of the total payroll expenses.
According to Article 36, which of the following is NOT deductible for the purpose of determining taxable profit?
Tax on income of collective persons and any other taxes that directly or indirectly affect profits.
Taxes or any other charges that affect third parties that the company is not legally authorized to bear.
Are fines and other charges for infractions of any nature that do not have a contractual origin, including compensatory interest, deductible expenses?
True
False
Are indemnities for the verification of events whose risk is insurable deductible expenses?
True
False
Are 50% of expenses with cost aids and charges and compensation for travel in the worker's own vehicle for the employer's service, not invoiced to clients, deductible?
True
False
Are 80% of representation expenses, recorded under any title, deductible?
True
False
Are undocumented charges and expenses of a confidential or illicit nature deductible?
True
False
Are amounts due for the rental without a driver of light passenger vehicles, in the part corresponding to the value of reintegration of these vehicles not accepted as cost under regulations, deductible?
True
False
Are expenses with fuels, in the part where the taxpayer does not prove that they relate to assets belonging to the company or used under lease and do not exceed normal consumption, deductible?
True
False
Are those resulting from reductions in the market value of tangible investment assets deductible?
True
False
Are those resulting from changes in the value of financial assets and liabilities, if not verifiable by reference to a stock exchange, deductible?
True
False
Are those resulting from cash or in-kind withdrawals in favor of capital holders, under the same title or from the sharing of assets, deductible?
True
False
Are those resulting from estimated losses by taxpayers in multi-annual works in progress deductible?
True
False
Are advertising expenses, in the part that exceeds 1% of the sales volume resulting from normal activity of the respective fiscal year, deductible?
True
False
Are specific taxes on mining and petroleum activities deductible?
True
False
What percentage of expenses with light vehicles are deductible?
50%
25%
75%
100%
What is the general tax rate (IRPC) according to Article 61?
32%
25%
40%
15%
Until 2015, what was the reduced tax rate for agricultural and livestock activities?
10%
5%
15%
20%
What is the autonomous tax rate for undocumented expenses and confidential expenses according to Article 36?
35%
20%
50%
10%
What percentage are incomes subject to withholding taxed at according to Article 67?
20%
10%
30%
15%
Foreign entities without a permanent establishment in Mozambique are taxed at what rate?
20%
10%
25%
35%
What is the withholding tax rate for incomes derived from telecommunications and international transport services, as well as equipment installation?
10%
5%
15%
20%
What is the withholding tax rate for incomes derived from the construction and rehabilitation of rural electrification infrastructure?
10%
5%
15%
20%
Are expenses related to representation, such as receptions, meals, travel, and shows offered to clients or suppliers, considered deductible for tax purposes?
True
False
What is the tax rate applied to securities listed on the Mozambique stock exchange?
10%
15%
20%
5%
How many fiscal years can deductions in Periodic Declarations of income be carried forward according to Article 66?
3 fiscal years
2 fiscal years
5 fiscal years
1 fiscal year
Payments on account are calculated based on which type of tax according to Article 70?
Imposto liquidado (liquidated tax)
Imposto bruto (gross tax)
Imposto retido na fonte (withholding tax)
Imposto estimado (estimated tax)
According to Article 70, payments on account for taxpayers correspond to what percentage of the tax amount?
80%
50%
100%
60%
Payments on account are divided into how many equal amounts and in which months are they paid?
Three equal amounts, paid in May, July, and September.
Two equal amounts, paid in January and July.
Four equal amounts, paid in March, June, September, and December.
One single payment, paid in April.
Entities mentioned in Article 68 are required to make a Special Payment on Account in how many installments and in which months?
Three installments, paid in June, August, and October.
Two installments, paid in March and September.
Four installments, paid in January, April, July, and October.
One installment, paid in December.
What is the minimum and maximum limit for the Special Payment on Account according to Article 71?
Minimum of 30,000.00Mt and maximum of 100,000.00Mt.
Minimum of 10,000.00Mt and maximum of 50,000.00Mt.
Minimum of 20,000.00Mt and maximum of 80,000.00Mt.
Minimum of 50,000.00Mt and maximum of 150,000.00Mt.
Which article of the CIRPC refers to 'Materia colectável imputada por sociedades transparentes'?
art 6 CIRPC
art 10 CIRPC
art 15 CIRPC
art 20 CIRPC
Which article of the CIRPC refers to 'Actualização da valorização de produtos agrícolas e de outros activos biológicos não enquadráveis'?
art. 18, nº7 CIRPC
art. 12, nº3 CIRPC
art. 25, nº2 CIRPC
art. 30, nº1 CIRPC
Which article of the CIRPC refers to 'Anulação de efeito do método da equivalência patrimonial'?
art. 18 nº 8 CIRPC
art. 23 nº 2 CIRPC
art. 12 nº 5 CIRPC
art. 30 nº 1 CIRPC
Which article of the CIRPC refers to 'Diferenças de câmbios não realizadas'?
art. 22, c) CIRPC
art. 15, a) CIRPC
art. 30, b) CIRPC
art. 10, d) CIRPC
Which article of the CIRPC refers to 'Reintegrações e amortizações não aceites como custos'?
art. 27 CIRPC
art. 15 CIRPC
art. 35 CIRPC
art. 42 CIRPC
Which article of the CIRPC refers to 'Despesas ilícitas'?
artigo 23, nº 1,a) e) CIRPC
artigo 15, nº 2 CIRPC
artigo 10, nº 3 CIRPC
artigo 30, nº 1 CIRPC
Which article of the CIRPC refers to 'Provisões de imparidade além dos limites fixados'?
artigo 28 e 29 do CIRPC
artigo 15 do CIRPC
artigo 42 do CIRPC
artigo 7 do CIRPC
Which article of the CIRPC refers to 'Redução do valor do mercado de activos intangíveis de investimentos'?
artigo36, nº1 CIRPC
artigo25, nº2 CIRPC
artigo40, nº3 CIRPC
artigo12, nº1 CIRPC
Which article of the CIRPC refers to 'Variação de valor de mercado de activos e passivos financeiros'?
art.36. k) CIRPC
art.25. a) CIRPC
art.40. b) CIRPC
art.12. d) CIRPC
Which article of the CIRPC refers to 'Custos ou perdas resultantes de saídas a favor dos titulares de capital'?
art. 36, nº1
art. 25, nº2
art. 40, nº3
art. 12, nº1
Which article of the CIRPC refers to 'Perdas estimadas em obras de carácter plurianual'?
art. 36, nº1, m) CIRPC
art. 25, nº2, a) CIRPC
art. 40, nº3, b) CIRPC
art. 12, nº1, d) CIRPC
Fill in the blank: Expenses on advertising beyond legal limits are covered under ________ (art. 36, nº1, n), CIRPC.
art. 36, nº1, n
art. 35, nº2, m
art. 37, nº1, o
art. 34, nº3, p
Fill in the blank: Expenses provided for in art.22 paragraphs k, e, and o are covered under ________ (article 36-A nº1), CIRPC.
article 36-A nº1
article 35 nº2
article 40 nº3
article 22 nº4
Fill in the blank: Social utility achievements not covered by art. 31 and 33 of CIRPC are covered under ________.
art. 32 of CIRPC
art. 31 and 33 of CIRPC
art. 30 of CIRPC
art. 34 of CIRPC
Fill in the blank: Donations not provided for or beyond legal limits are covered under ________ 5% of M.C from the previous year.
article 34 of CIRPC
section 80G of ITA
rule 12B of FCRA
clause 21 of Companies Act
Fill in the blank: IRPC is covered under ________.
art. 36, nº1, a
art. 45, nº2, b
art. 12, nº3, c
art. 27, nº4, d
Fill in the blank: Taxes and charges of responsibility of others are covered under ________.
art. 36 nº1, b
art. 45 nº2, a
art. 22 nº3, c
art. 51 nº4, d
Fill in the blank: Fines, penalties, compensatory interest, and other charges for infractions are covered under ________.
art. 36, nº1 c
art. 25, nº2 b
art. 42, nº3 a
art. 19, nº1 d
Fill in the blank: Compensation for insurance events is covered under ________ (art. 36 nº1 d), CIRPC.
art. 36 nº1 d
art. 40 nº2 b
art. 25 nº3 a
art. 50 nº1 c
Fill in the blank: 50% of cost aid and compensation for use of company vehicles by employees is covered under ________
art. 36 nº 1 e
art. 45 nº 2 b
art. 22 nº 3 c
art. 51 nº 4 d
Fill in the blank: 80% of representation expenses are covered under ________.
art. 36, nº1 i
art. 45, nº2 ii
art. 22, nº3 iii
art. 50, nº1 iv
Fill in the blank: Confidential or undocumented expenses are covered under ________.
art. 36 nº1, g
art. 25 nº2, b
art. 42 nº3, d
art. 19 nº1, a
Amounts due for vehicle rental without a driver are covered under ________.
art. 36 nº1, h
art. 25 nº2, b
art. 40 nº3, d
art. 12 nº1, a
Fill in the blank: Excess fuel consumed or in vehicles not belonging to the company is covered under ________.
art. 36, nº1,j
art. 22, nº3,a
art. 15, nº2,c
art. 40, nº1,f
Fill in the blank: 50% of charges for light passenger vehicles are covered under ________ (art. 36, nº4) CIRPC.
art. 36, nº4
art. 40, nº2
art. 25, nº1
art. 12, nº3
Fill in the blank: Lower accounting tax values are covered under ________ (art. 22 a), and 38) CIRPC.
art. 22 a), and 38
art. 15 b), and 27
art. 10 c), and 45
art. 30 d), and 50
Fill in the blank: Tax capital gains are covered under ________ (art 20 h). 37 and 38) CIRPC.
art 20 h). 37 and 38
art 15 and 16
art 22 and 23
art 10 and 11
Fill in the blank: Corrections of credit cases are covered under ________ (art. 53 nº 1) CIRPC.
art. 53 nº 1
art. 45 nº 2
art. 60 nº 3
art. 51 nº 4
Fill in the blank: Corrections of previous credits are covered under ________ of CIRPC.
art. 18 nº 2
art. 20 nº 1
art. 15 nº 3
art. 22 nº 4
Fill in the blank: Reposition of non-taxable exchange differences is covered under ________ (art. 20 nº1 c) CIRPC.
art. 20 nº1 c
art. 15 nº2 b
art. 22 nº3 a
art. 18 nº4 d
Fill in the blank: Deferred taxes are covered under ________ (art. 22 c) CIRPC.
art. 22 c
art. 15 b
art. 30 a
art. 10 d
