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  • 19.2 818,142,400 VND 268,372,720 VND: Taxable Value of Excise Duty

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    The document calculates import duties, taxes, and fees for shipments X and Y. It determines the taxable value and payable amounts for import duty, anti-dumping duty, excise duty, environmental protection tax, and value added tax based on the unit price and quantity of items in each shipment. The total taxes and fees payable for shipment X are 268,372,720 VND for import duty, 98,177,088 VND for anti-dumping duty, 414,642,272.8 VND for excise duty, 2,000,000 VND for EPT, and 141,677,499 VND for VAT. For shipment Y the totals are 222,019,725 V

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    Practise-3-FINAL

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    The document calculates import duties, taxes, and fees for shipments X and Y. It determines the taxable value and payable amounts for import duty, anti-dumping duty, excise duty, environmental protection tax, and value added tax based on the unit price and quantity of items in each shipment. The total taxes and fees payable for shipment X are 268,372,720 VND for import duty, 98,177,088 VND for anti-dumping duty, 414,642,272.8 VND for excise duty, 2,000,000 VND for EPT, and 141,677,499 VND for VAT. For shipment Y the totals are 222,019,725 V

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    © All Rights Reserved
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    7 views2 pages

    19.2 818,142,400 VND 268,372,720 VND: Taxable Value of Excise Duty

    Uploaded by

    academic purpose Its for
    The document calculates import duties, taxes, and fees for shipments X and Y. It determines the taxable value and payable amounts for import duty, anti-dumping duty, excise duty, environmental protection tax, and value added tax based on the unit price and quantity of items in each shipment. The total taxes and fees payable for shipment X are 268,372,720 VND for import duty, 98,177,088 VND for anti-dumping duty, 414,642,272.8 VND for excise duty, 2,000,000 VND for EPT, and 141,677,499 VND for VAT. For shipment Y the totals are 222,019,725 V

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    of 2

    FOB Price = 20x1,600 + 600x60 = 68,000 USD

    Allocation of Addition:
    2040
    Insuarance X = x 20 x 1,600 = 960 USD
    68000
    8,160
    Freight X = x 20 x 1,600 = 3,840 USD
    68000
    340
    Fuel surcharge X = x 20 x 1,600 = 160 USD
    68000
    2040
    Insuarance Y = x 600 x 60 = 1,080 USD
    68000
    8,160
    Freight Y = x 600 x 60 = 4,320 USD
    68000
    340
    Fuel surcharge Y = x 600 x 60 = 180 USD
    68000
    For X:
    Import Duty
    Value X: (20–3) + 80%x1 + 70%x2 = 19.2
    Taxable value of import duty = [(19.2 x 1,600) + 960 + 3,840 + 160] x 22,930 =
    [30,720 + 4,960] x 22,930 = 35,680 x 22,930 = 818,142,400 VND
    Payable amount of import duty = (35,680 x 30% + 50x20) x 22,930 = (10,704 + 1,000)
    x 22,930 = 11,704 x 22,930 = 268,372,720 VND

    Anti-dumping Duty
    Taxable value of anti-dumping duty = [(19.2 x 1,600) + 960 + 3,840 + 160] x 22,930 =
    [30,720 + 4,960] x 22,930 = 35,680 x 22,930 = 818,142,400 VND
    Payable amount of anti-dumping duty = 35,680 x 12% x 22,930 = 4,281.6 x 22,930 =
    98,177,088 VND

    Excise Duty
    Taxable value of excise duty = (35,680 + 11,704 + 4,281.6) x 22,930 = 51,665.6 x
    22,930 = 1,184,692,208 VND
    Payable amount of excise duty = (35,680 + 11,704 + 4,281.6) x 35% x 22,930 =
    51,665.6 x 35% x 22,930 = 18,082.96 x 22,930 = 414,642,272.8 VND

    EPT:
    Taxable volume of EPT: 20 units
    Payable amount of EPT: 100,000 x 20 = 2,000,000 VND

    VAT:
    Taxable value of VAT = (20x1,600 + 11,704 + 18,082.96) x 22,930 = 61,786.96 x
    22,930 = 1,416,774,993 VND
    Payable amount of VAT = 61,786.96 x 10% x 22,930 = 6,178.696 x 22,930 =
    141,677,499 VND

    For Y:
    Import Duty
    60
    Value Y: (600 – 50) + = 552.5 (box)
    24
    Taxable value of import duty = [(552.5 x 60) + 1,080 + 180 + 4,320] x 22,930 =
    (33,150 + 5,580) x 22,930 = 38,730 x 22,930 = 888,078,900 VND
    Payable amount of import duty = 38,730 x 25% x 22,930 = 9,682.5 x 22,930 =
    222,019,725 VND

    Anti-dumping Duty
    600 boxes – 60 USD/box (24 bottles/box, 0.5litre/bottle) =>36,000 USD, 14,400
    bottles, 7200litre, 12litre/box
    60
    Value Y: (600 – 50) + = 552.5 (box)
    24
    Taxable volume of anti-dumping duty = 552.5 x 12 = 6,630 (litre)
    Payable amount of anti-dumping duty = 6,630 x 1 x 22,930 = 152,025,900 VND

    Excise Duty
    Taxable value of excise duty = (38,730 + 9,682.5 + 6,630) x 22,930 = 55,043 x 22,930
    = 1,262,124,525 VND
    Payable amount of excise duty = (35,680 + 11,704 + 4,281.6) x 40% x 22,930 = 55,043
    x 40% x 22,930 = 22,017.2 x 22,930 = 504,854,396 VND

    EPT:
    60
    Value Y: (600 – 50) + = 552.5 (box)
    24
    Taxable volume of EPT: 552.5 x 12 = 6,630 (litre)
    Payable amount of EPT: 5,000 x 6,630 = 33,150,000 VND

    VAT:
    Taxable value of VAT = (552.5 x 60 + 9,682.5 + 22,017.2) x 22,930 = 64,849.7 x 22,930
    = 1,487,003,621 VND
    Payable amount of VAT = 64,849.7 x 10% x 22,930 = 6,484.97 x 22,930 = 148,700,362
    VND

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