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EXAMINATION
Code: 01
Lecturer’s Signature& full
name
Program: IB and AC
Course Code: INS3010
Course Title: Taxation
Time allowed: 3 days
Nguyen Thi Thanh Hoai
Due Time Date : 3:30-5:30 PM; 17/06/2021

Instructions to students:

Answers are to be typed: 14 Times New Roman, 1.5 line spacing with 2 cm border
on all sides. Word limit: 1,500 words

This exam paper contains 03 pages, including the cover page.

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Question 1 (5 marks)
Choose one listed company and give transactions relating tax liability of a
company. Detailed requirements are:
Requirement 1: Giving general information of the company: name, taxpayer
identification number, address, area of operation, products.
Requirement 2: Giving transactions relating to import duty, export duty,
excise duty and VAT in a tax period.
Note:
- The transactions must be suitable to characteristics of company’s activities.
- Give 04 transactions relating to the company’s selling activities, and must be
various (subject to VAT, not subject to VAT, VAT rate of 0%; subject to excise duty, not
subject to excise duty).
- Give 04 transactions relating to the company’s purchasing activities and being
applied the conditions of deductible input taxes (VAT and excise duty).
- The figures and information must be logical.
Requirement 3: Calculate the amounts of import duty, export duty, excise duty
and VAT payable of the company in the tax period relating to the above transactions and
indicating the deadlines of tax payment
Requirement 4: Listing 5 cases in which the input VAT is not creditable.
Question 2 (5 marks)
A textile company located in Long Bien District and applies calendar tax year, has
40 employees, had following information for the tax year 2020 (Unit: million VND):
1. Turnover: 300.000
2. Expenses: 250.000. In which:
- Depreciation: 300
- Materials expenses:10.000, in which, the cost of damaged materials caused
by natural disasters 200
- Uniform expenses: 220
- Remuneration paid to the founding members of companies: 60
- Donation to Youth union of Long Bien district: 70
- Donation for housing to the poor: 100
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- Expenses without legitimate invoices: 30

- Expenses of golf fees for the Director of the company: 100
- PIT paid: 90
- Other expenditures are deductible
3. Other income:
- Income from a joint venture in Vietnam: 100
- Net income from an asset liquidation: 40
- Overseas income: 800
Requirement 1: Which information need to be clearified in order to calculate the
amount of CIT payable of the company and explain why?
Requirement 2: Give additional necessary information and calculate the minimum
amount of CIT payable of the company?
Requirement 3: What is the deadline of CIT payment for the tax year 2020?

End of examination Paper