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THUE
THUE
Assumption: you can ignore compulsory insurance His wife has no income but still in the w
Q2
ZLC Co
Monthly SHUI doesn’t count Performance bonus because it only paid once in a year
Neu tra theo thang thi moi tinh
Monthly SHUI 3.129
as no income but still in the working age so that not count as a dependant
Q3
ZLC Co VND million
Monthly SHUI
Salary for SHUI calculation 26.5
Monthly SHUI 2.7825
Details of the income received by Mr Phan from the two companies in 2020 are as
follows:
TAC Co KNT Co
Salary VND 55 million/month VND 10 million/month
Training allowances VND 96 million VND 360 million
Personal income tax Borne by employer Borne by employer => thu nhap net
Employee insurance contributions Borne by Mr Phan N/A
Mr Phan has a son, Van Phan, who is 16 years old. From January 2020, Van has been
enrolled to study in a secondary school in Australia.
Required:
Calculate (in VND millions, rounded to one decimal) Mr Thinh Phan's monthly taxable
income for PIT calculation in 2020
VND million
TAC Co KNT Co Total
Annual salary 660 120
Trainining allowances 96 360
Monthly taxable income 63 40 103
C1
The corporate income tax period of the first year or the corporate income tax period
of the last year must not exceed 15 months
C2
Nam chuyen doi khong duoc phep qua 12 thang
In case an enterprise converts its cit period (cinversion from calendar year to fiscal
year or vice versa), the cit period of the conversion year must not exceed 12 months
C3
Company Stata Co acts as agent of Vietten Co on the basis of selling mobile phone at
the price fixed by Vietten Co. Commission is 10% on selling price. The revenue of
mobile phone during the tax period is VND900 million
Calculate turnover of Company Stata for CIT purposes
=10%x900m=90m
C4
Spur Vietnam Co, applies the tax period of 2018 being the calendar year. At the
beginning of 2019, it converts it to the fiscal year starting from April 1 to March 31 of
the following year. The tax period of the year of conversion (2019) shall be counted
from Jan 1, 2019, through March 31, 2019 (3 months), while the tax period of the
following year (fiscal year 2019) starts from April 1, 2019, through March 31, 2020.
Spur Vietnam Co, enjoys cit incentives (2 years tax exemption and 50% tax reduction
in the subsequent 4 years), with tax exemption starting in 2017 and it does not
choose to enjoy 50%
What is cit incentive that Spur Vietnam Co can be applied?