Faculty of Management and Tourism – Taxation – Spring 2024

TUTORIAL 2: VAT (part 1)

1. PC Foods buys fresh chicken from DC Farm for producing salted chicken.
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
2. Ms. Hoa comes back from am oversea business trip with a package of 80 cigars and a new laptop of
$1,000
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
3. Sanko LLC, an export processing company located in Bac Ninh EPZ, imports fabric from China to carry
out a processing contract
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
4. HT Plants buys flower seeds from individual farmers, does packaging and sells in supermarkets
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
5. New Ideas receives money for carrying out a marketing campaign for Hanoi Consumers Company
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
6. Hai Long JSC imports French wine to sell in its store chains
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
7. Nam Anh Company grants a loan of VND10 bil to an affiliated company - Nam Em JSC. Nam Anh
charges 9% interest per annum
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
8. Vinh Long Television Station, a state agency, earns revenue from advertisement services during its hot
Game Shows
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
9. TSQ Co. pays VND1bil in advance to buy electric devices from Light Co, Light Co. pays 5% interest per
annum for this advancement
a. Non-taxable
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 Faculty of Management and Tourism – Taxation – Spring 2024

b. Exempt transaction
c. Taxable (no exemption)
10. Thinh Dat convenience store, which earns roughly VND 9mil of revenue per month, sells various kinds
of consumer goods to nearby residents
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
11. Sunhome earns money from investing activities as follow: VND 50mil of interest on corporate bond,
VND 70mil of cash dividend and VND 2bil from transfer of capital in an affiliated company
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
12. Mr. Giang sells his own cars for VND700mil
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
13. HH JSC transfers non-current assets with a book value of VND10 billion to its 100% owned subsidiary,
NH JSC, for producing taxable goods
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
14. GG LTD transfers non-current assets with a book value of VND12 billion to an affiliate, HN JSC, at a
revalued amount of VND14 billion
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
15. Canvey Co., a commission agent for Vietnam Airlines, sold VND2 bil of air fare during March and
earned 5% commission
a. Non-taxable
b. Exempt transaction
c. Taxable (no exemption)
16. GL - a home appliance center, offers a 5% trade discount for customers buying TV on New year
occasion. The list price of this TV is VND 10mil. 200 TVs are sold during this campaign. What is the VAT
base price for this campaign?
a. VND1,900 mil
b. VND2,000 mil
c. VND100 mil
d. VND1,800 mil
17. A cargo of consumption goods imported to Vietnam by VVG has base price for import duty is VND 10
tril. The good is taxable at 5% import tax. However, after considering importer’s documents, customs

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office decides that this cargo is eligible for import duty exemption. What is VAT base price for this
import?
a. VND0.5 tril
b. VND5 tril
c. VND10 tril
d. VND10.5 tril
18. A cargo of consumption goods imported to Vietnam by VVG has base price for import duty is VND 10
tril. The good is taxable at 5% import tax. However, after considering importer’s documents, customs
office decides that this cargo is eligible for 30% import duty reduction. What is VAT base price for this
import?
a. VND10 tril
b. VND10.3 tril
c. VND10.35 tril
d. VND10.5 tril
19. Red It Casino collects VND 5bil from customers during a month, of which prize given back to winning
customers is VND 1.2bil in total. Casino is subject to 10% VAT. What is VAT base price for the casino
this month?
a. VND1.2 bil
b. VND3.45 bil
c. VND3.8 bil
d. VND5 bil
20. Fine Wine imports wine from Chile with price of $100/bottle, import tax of VND200,000, excise tax of
VND 4mil. Exchange rate for tax purpose is VND23,000/USD. What is VAT base price per bottle?
a. VND2.3 mil
b. VND2.5 mil
c. VND6.3 mil
d. VND6.5 mil
21. ONE Co. uses 100 units of a product produced by itself (cost of VND100,000) as gift for customers
during a sale promotion campaign, which is registered and complies with regulations. Normal selling
price exclusive of VAT is VND 120,000/unit. Export price at export port is VND 125,000/unit. What is
VAT base price for these 100 units?
a. VND0
b. VND10 mil
c. VND12 mil
d. VND12.5 mil
22. TWO Co. uses 50 fans it produces as gifts to an elementary school. The same fans are sold by company
at price of VND 1mil exclusive of VAT. What is VAT base price for these fans?
a. VND0
b. VND1 mil
c. VND50 mil
d. VND55 mil
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23. Master Home sells 100 air-conditioners with list price of VND 7mil (this price is exclusive of 10%VAT,
but inclusive of 10% excise duty and VND30,000 environmental protection tax). What is VAT base price
for these air-conditioners?
a. VND630 mil
b. VND636 mil
c. VND700 mil
d. VND770 mil
24. Hanmilk manufactures yogurt. The VAT-exclusive price of a cup on the market is VND 5,000. Company
B uses 300 bottles in a holiday trip of the company. This use is not serving company business. What is
VAT base price for these yogurt bottles?
a. VND0
b. VND0.5 mil
c. VND0.75 mil
d. VND1,5 mil
25. HASCE sells 1,000 coach tickets of VND 90,000, which is inclusive of 10% VAT. What is VAT base price
for these tickets?
a. VND80 mil
b. VND81.82 mil
c. VND90 mil
d. VND99 mil
26. PaperPower manufactures paper. It uses 50 packs for use in the office. The sale price (VAT-exclusive) is
VND 60,000/pack. What is VAT base price of these packs?
a. VND0
b. VND3 mil
c. VND5 mil
d. VND6 mil
27. Wheelly specialized in producing tools and equipment for car and car assembly. In a tax period,
company use 50 tires for exhibition and 200 tires in car assembly. The market price for this type of tire
is determined as VND 1.5 mil/tire. What is VAT base price of these tires?
a. VND0
b. VND65 mil
c. VND300 mil
d. VND375 mil
28. Company AXN is permitted by a competent authority to hold a beauty contest. Apart from 1,000 tickets
that are sold, company A also sends 150 invitations to some VIPs. The list of recipients is printed on
these invitations. Normal selling price is VND 500,000/ticket. What is VAT base price of these invitation
tickets?
a. VND0
b. VND0.5 mil
c. VND7.5 mil
d. VND75 mil