CHAPTER 4

EX 1
We have data of a company engaged in trading in a tax month as Follows:

Importation of wine: 10,000 bottles with CIF price of VND 120,000 per bottle. CIF price was
accepted as import duty base price. Task: Calculate the import duty and excise duty amount,
VAT payable by that company. Given that, import duty rate applicable to this product is
40%; the excise duty rate applicable to wine is 20%, VAT rate: 10%.

Taxes payable to customs office:

- Base price for import goods: 10,000 x 120,000 VND 1,200 million

- import duty VND 1,200 million x 40% = VND 480 million

-excise duty (VND 1,200 million+ VND 480 million) x 20%= VND 336 million

- VAT (VND 1,200 million+ VND 480 million+ VND 336 million) x 10%

= VND201.6 million

BTVN 1 2
EXERCISE 1
** AT CUSTOM OFFICE
- Exported 15,000 products N at FOB price of $5 each
Export duty= 15,000 x 5 x 0% = VND 0
- Imported 1,000 air conditioners with capacity of BTU 12,000 for sale in domestic
market.
+ Import duty = 1,000 X 300 X 23,000 X 10%= VND 690,000,000
+ Excise duty = [(1,000 X 300 X 23,000) + 690,000,000] X 10% = VND 759,000,000
+ VAT payable = [(1,000 X 300 X 23,000) + 690,000,000 +759,000,000] X 10%=
VND 834,900,000
** AT DOMESTIC TAX OFFICE
- Excise duty
900 X 600 X 23,000
+ Sold 900 air conditioners = X 10% = VND 1,129,090,090
1+10 %
900
+ Credited excise duty = 759,000,000 X = VND 683,100,000
1000
- Excise duty payable =1,129,090,090- 683,100,000 = VND 445,990,909
** OUTPUT VAT
- Exported 15,000 products N = 15,000 X 5 X 0% = VND 0
- Sold 900 air conditioners = 900 X 600 X 23,O00 X 10% = VND 1,242,000,000
-  TOTAL OUTPUT VAT = VND 1,242,000,000
** DEDUCTIBLE OUTPUT VAT
- The total deductible input VAT amount for the exported products is VND25,000,000.
- The deductible amount on other purchased goods is VND3,000,000
- VAT payable at import stage= VND 834,900,000
 TOATL DEDUCTIBLE OUTPUT VAT = VND 862,900,000
  VAT PAYABLE = VND 1,242,000,000 - VND 862,900,000 = VND 379,100,000
EXERCISE 2:

** AT CUSTOM OFFICE
- Imported 3,000 motorcycles=[(3000X800X22,000)+600,000X30%] = VND 19,800,000
- Excise duty =[(3000X800+600,000)X 22,000+ 19,800,000] X20%=VND 17,160,000,000
- VAT payable
=[(3000X800+600,000)X22,000+19,800,000+17,160,000,000]X10%=VND 10,296,000,000
- Exported 10,000 pairs of sport shoes to Russia
= [10,000 X ( 15-5) X 22,000] X 5% = VND 110,000,000
** AT TAX OFFICE
- Excise duty
2,800 X 40,000,000
+ Sold 2,800 motorcycles = X 20% = VND 18,666,666,667
1+ 20 %
2,800
+ Credited excise duty = 17,160,000,000 X = VND 16,016,000,000
3000
 EXCISE DUTY PAYABLE = 18,666,666,667- 16,016,000,000 = VND 2,650,666,667
** VAT
- Output VAT
+ Sold 2,800 motorcycles = 2,800 X 40,000,000 X 10%=VND 11,200,000,000
+ Exported 10,000 pairs of sport = [10,000 X ( 15-5) X 22,000] X 0%= VND 0
 TOTAL OUTPUT VAT = VND 11,200,000,000
- Deductible input VAT
VAT payable at stage = VND 10,296,000,000
 VAT PAYABLE = VND 904,000,000