VAT is imposed on

3. VAT is

4. Which is VAT Taxable?

5. Which is VAT Taxable?

6. Which is VAT non - Taxable?

7. Which is exempt from declaring and paying VAT?

8. Who is VAT payer?

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

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

11. The base VAT price per liter for beer is:

11. The VAT rates currently in Vietnam:

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

Which transaction where 0% rate is not applicable?

14. Who pays VAT under credit method?

15. Taxpayer registered to pay VAT under credit method can deduct input VAT for:

16. Condition for deductible input VAT:

17. An enterprise, who apply credit method, sells computer, has following data:

18. - Sale of 100 units at the before-VAT price of VND8,000,000/unit in the domestic market.

19. - Sale of 50 unis at the total sale price of ,800,00/unit in the domestic. market. On added value invoice, the VAT amount is not written.

20. - Export 200 units at FOB price of VND9,000,000/ unit

21. - VAT rate 10%

22. - Exported goods are supported with sufficient documents as prescribed by law

23. The output VAT amount is

The data during the month of an enterprise, who apply credit method as follows:

- Value of goods left at the beginning of the month:200 units, before-VAT price of VND100,000

- Purchase during the month:

+ Purchase 300 units, before-VAT price of VND100,000 per unit.

+ Purchase 200 units with before-VAT price VND100,000 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 VND10,000,000.

- VAT rate 10%.,

- All item is taxable and supported with receipt of bank payment.

The deductible input VAT amount is:

In the tax period, Ha Lan Co. Itd., 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 VND30,000,000, in which for A is VND10,000,000, for B is 4,000,000. The company cannot separate the remain input tax for each item. Turnover of selling product A in the period is VND150,000,000, product B is VND50,000,000.

The deductible input VAT amount is:

20. The data during the month of an enterprise who sells computer as follows:

21. - Sale of 100 units at the before-VAT price of VND10,000,000/unit in the domestic market.

22. - Export 200 units at FOB price of VND11,000,000/ unit

23. - Purchase 70 units with before-VAT price of VND9,000,000 per unit.,

24. - Purchase 40 units with price of VND9,900,000 per unit stated on the sale invoice.

25. - VAT rate 10%,

    - Exported goods are supported with sufficient documents as prescribed by law

26. The VAT amount payable is:

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

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

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

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

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

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

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

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

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

9. 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.

10. The amount of depreciation expense deductible for determining taxable income in 2019 by TSC is (nearest Vietnam dong):

10. 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):

11. 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.

12. 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.

13. The amount of interest expense deductible for determining taxable income in 2019 by GM is (VND million):

12. GMS is a production company. In 2019, GMS incurred an interest expense for loans from GMS's employees at VND15,000 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 VND120,000 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):

13. Duc Thanh Co. Itd (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:

A company paying VAT under credit method rents 10 apartments for 5 years. The price exclusive of VAT for 5 year 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):

15. Total expenses declared by a company for a tax year is VND5,000 million of which:,

16. - Fines for late payment of VAT: VND50 million

17. - Donation to build a state hospital: VND100 million

18. - 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):

16. Total expenses declared by a company engaged in production for a tax year is VND6,000 million of which::

17. - 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):

17. Data on incomes and expenses of a company is as follows:,

18. - Total turnover: VND100,000 million,

19. - Total deductible expenses: VND90,000 million,

20. - Income received from an domestic joint venture (before income tax): VND600 million

• - Net income received from an domestic joint venture (After income tax): VND400 million

• The taxable income for income tax of the company for the tax year is (million dongs):

18. Data on incomes and expenses of a company is as follows:,

- Total turnover: VND100 billion

- Total deductible expenses: VND90 billion

- Net income received from an domestic joint venture (After income tax): VND2 billion

• - Losses carried forward: VND4 billion,

The assessable income for income tax of the company for the tax year is (billion dongs):

19. ABC Co engaging in production has the following data in 2019:

20. - Base turnover: 100 billion dongs,

21. - Total expenses declared: 80 billion dongs of which:

+ Interest expense corresponding to the lack of charter capital: 2 billion dongs;

+ Support for the ABC's Youth Union in organizing its activities: 1 billion dongs;

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:,

20. - Base turnover: VND120 billion,

21. - Total expenses declared: VND110 billions of which:

+ Office rent paid in advance of 4 years exclusive of VAT: VND4 billion;

+ Donation as scholarship to Ton Duc Thang University: VND1 billion;

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):

1. Personal income tax is

2. If you are resident taxpayer in Viet Nam, you must be taxed on

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

4. If you are resident taxpayer, you

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

6. Rental income is the type of

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

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

The children reliefs are applying to children who

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

11. In the March 2020, Mr. Kenvy - the resident taxpayer in Vietnam - won a lottery with total value of VND1,800 million. What is the Mr. Kenvin's PIT payable?

12. Mr. Nam is a resident individual in Viet Nam. He has two sons studying at a secondary school and signed as his dependants. In tax year 20XX, he has the following incomes:

13. - Salary after paying compulsory insurance fee: VND360,000,000,

14. - Dividend received (Net of tax): VND47,500,000

15. The total PIT amount payable by Mr. Nam in the tax year 20XX is

14. In the tax year 20XX, Mrs. Kim - resident in Vietnam- received dividend of VND1,900 million from Company Vietnam Kafe (Net of tax). What is the PIT payable of Mrs. Kim in the tax year 20XX?

14. Mr. Tung is Vietnamese resident for the tax year 20XX. In the tax year, he received of VND500 million from interest after deduction tax at source. Of which VND380 million from the loan contract with ABC company (manufacture company) and the balance from Vietcombank account. What is the PIT payable by Mr. Tung in the tax year 20XX?

15. Mr. Bas is unmarried man, has been working in Viet Nam for 5 years. In the tax year 2021, he has the following information:

Income

• - Gross salary: VND3,384,000,000,

• - Interest from deposit at a SHB Bank: VND50,000,000,

Expenses:

• - Compulsory insurance: VND360,000,000,

• - Donation to Red Cross : VND30,000,000,

The total PIT amount payable by Mr. Nam in the tax year 2021 is

16. Mr. Bas is a Holland citizen and tax resident. He arrived in Vietnam to work on 6 May 2018 and on completion of his employment contract, he left Vietnam on 31 October 2019. In the years 2018 and 2019, he spent the following numbers of days in Vietnam:

- From 6 May 2018 to 31 December 2018 - 130 days

- From 1 January to 5 May 2019 - 64 days

- From 6 May to 31 October 2019 - 110 days

Based solely on the above information, what is Mr Tomaz's tax residency status in his first and second tax year in Vietnam?

First year - Second year

17. 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

18. 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?

19. Ms. Mai Nguyen is a Vietnamese resident with no dependants. On 1 January,

20XX, she signed a gross employment contract with salary of VND262 million per month.

Supposed the base salary is VND1,500,000 per month.

What is the amount of Ms Mai Nguyen's monthly assessable employment income?

20. Ms. Anh Phan has two dependants. In 20XX, her monthly gross salary was VND52.95 million and she was responsible for paying 10.5% of compulsory insurance. The base salary (per month) for social insurance, health insurance for the year 20XX: VND1,500,000.,

What is Ms Anh Phan's monthly assessable employment income?

1. Tax is different from fee because:

2. Which of the below taxes are classified based on the way to levy?

3. Which of the below taxes are classified based on the base of taxes?

4. Which of the below taxes are classified based on the proportion between tax to income?

5. Which are not tax incentives:

6. The idea that "who have more ability have to pay more taxes" shows the standard of taxation:

7. The idea that "The more the taxpayer benefits from the government-supplied, goods or services, the more the tax is paid to finance for them" shows the principle of taxation:

8. The idea that "Who can best afford to pay taxes should pay most of the taxes" shows the principle of taxation:

9. The tax identified number (TIN) for a dependent establishment of a company in Vietnam includes:

10. What is the deadline for the submission of a monthly tax return?

11. What is the deadline for the submission of a quarterly tax return?

12. What is the deadline for the submission of an annual finalization tax return except for personal tax returns declared by individuals?

12. What is the deadline for the submission of an annual finalization tax return for a personal tax returns declared by individuals?,

13. What's the deadine for the submission of tax retum in case of each time of arising of tax obligation?

15. According to Decree No. 132/2020/ND-CP on transfer pricing, an enterprise is considered to be a related party to another enterprise if it owns at least:

According to Decree No. 132/2020/ND-CP on transfer pricing, the cap for deductible interest expense for corporate income tax purpose is:

According to the Law on Administration No. 38/2019/QH14, the late payment interest rate is:

Penalties applicable to false declarations leading to a deficit in amount of tax payable or an excess in amount of tax refunded under the Law on Administration No. 38/2019/QH14 is:

19. According to the Law on Administration No. 38/2019/QH14, a taxpayer commits tax evasion will be fined:

20. Which agency below is responsible for the inaction of circulars guiding on taxes?

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 My invoices or vouchers; This company has 100 employees. CIT rate : 20%.

The CIT amount payable by Nam Phat Co. for the tax year is: